Fundamentals Of Construction Estimating
4th Edition
ISBN: 9781337399395
Author: Pratt, David J.
Publisher: Cengage,
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Why do some contractors include “bid clarifications” with their bid even when they risk having their bid rejected by doing this?
What is Bidder Prequalification?
True or false? Within those jurisdictions where public contracts are subject to “Fair Subcontracting Laws” to prevent bid shopping, each bidder is required to list its subcontractors as a part of its bid.
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- Why is the contractor normally required to submit a bidbond when making a proposal to an owner on a competitivelybid contract?arrow_forwardHow is recording of Bids done?arrow_forwardWhat are two or three things that might have been in a bid submittal that might result in the bid being declared unresponsive?arrow_forward
- Briefly explain the bid review/analysis process. Describe the steps involved in the bidding processarrow_forwardDiscuss why contractors must make bid/no-bid decisions and the factors involved in making these decisions. Give an example of when a contractor should bid and when a contractor should not bid.arrow_forwardTrue or False? One option for competitive bidding is a lump sum proposal; one option for negotiated bidding is a cost + fee+ GMP proposal.arrow_forward
- What are Bidders Prequalifications?arrow_forwardGive the guidelines in case you suspect the existence of a serious imbalance in the lowest bidder's proposal?arrow_forwardWhat is meant by; Defects liability period, liquidates damages, cost planning, bid bond, subcontracting, retention sum, interim certificate and final certificate?arrow_forward
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