Fundamentals Of Construction Estimating
4th Edition
ISBN: 9781337399395
Author: Pratt, David J.
Publisher: Cengage,
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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?
What are two or three things that might have been in a bid submittal that might result in the bid being declared unresponsive?
Can the contractor, attempt to interpret the strict orders of specifications to prepare the bid?
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- Is the final amount paid to a contractor under a unitprice contract limited by the quantities of materials or work shown in the original Bid Schedule?arrow_forwardTrue 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.arrow_forwardWhat is the proper method of responding to bidder inquiries during the bid phase of a project?arrow_forward
- Discuss 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_forwardWhat type of bond guarantees that if a contractor goesbankrupt on a project the surety will pay the necessaryamount to complete the job?arrow_forwardDefine the term Time between bid opening and award of contract?arrow_forward
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