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?
Why do some contractors include “bid clarifications” with their bid even when they risk having their bid rejected by doing this?
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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_forwardWhat type of bond guarantees that if a contractor goesbankrupt on a project the surety will pay the necessaryamount to complete the job?arrow_forwardCan the contractor, attempt to interpret the strict orders of specifications to prepare the bid?arrow_forward
- An owner can protect themselves from a failure of the low bid contractor to live up to their bid by obtaining a Bid Bond. Explain?arrow_forwardWhat is the proper method of responding to bidder inquiries during the bid phase of a project?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_forward
- What are the rules under which the Contractor must operate to avoid risks?arrow_forwardWhat is the method used by the contractor to reduce the bidding price and increase his profit, explain?arrow_forwardFront loading of a bid is always an illegalor unethical form of unbalancing a contractor’s bid is it true?arrow_forward
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