Fundamentals Of Construction Estimating
4th Edition
ISBN: 9781337399395
Author: Pratt, David J.
Publisher: Cengage,
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Question
Chapter 13, Problem 8RQ
a)
To determine
The advantages and disadvantages of using a bid depository to a general contractor.
b)
To determine
The advantages and disadvantages of using a bid depository to a subcontractor.
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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?
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Chapter 13 Solutions
Fundamentals Of Construction Estimating
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- 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_forwardAre the quantities of supplies or work stated in the original Bid Schedule used to determine the final amount paid to a contractor under a unitprice contract?arrow_forwardWhy are there instances where two or more contractors form themselves into joint venture agreement to participate in the bidding for a project?arrow_forward
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