Module 3 Quiz Review: Bids, Proposals, and Contracts Insights

2/4/24, 8:31 PM Module 3 Quiz: Attempt review | LSU Moodle 4.1 https://moodle.lsu.edu/mod/quiz/review.php?attempt=5752529&cmid=2210768 1/16 Home / My Home / 2024 First Spring CM 4210 for Brian Briggs / WEEK 3: Module 3: Bids, Proposals and Breaches of Contract / Module 3 Quiz Started on Sunday, February 4, 2024, 6:57 PM State Finished Completed on Sunday, February 4, 2024, 7:27 PM Time taken 30 mins 1 sec Points 30.00/36.00 Grade 83.33 out of 100.00 Question 1 Correct 1.00 points out of 1.00 Question 2 Correct 1.00 points out of 1.00 To win more BIDS you need to understand, select all that apply a. demonstrating your value  b. Knowing your competition  c. being selective of the projects you pursue  d. Bidding Process  Your answer is correct. The correct answers are: Bidding Process, Knowing your competition, demonstrating your value, being selective of the projects you pursue Proposals will include a Bid Bond and Insurance Letter Select one:  True False The correct answer is 'True'.

2/4/24, 8:31 PM Module 3 Quiz: Attempt review | LSU Moodle 4.1 https://moodle.lsu.edu/mod/quiz/review.php?attempt=5752529&cmid=2210768 2/16 Question 3 Correct 1.00 points out of 1.00 Question 4 Correct 1.00 points out of 1.00 Question 5 Correct 1.00 points out of 1.00 Actual breach is when one party refuses to fully perform the terms of the contract Select one:  True False The correct answer is 'True'. The owner employs the architect, owner, and contractor together as a team. They share the risk equally as well. What delivery method is this? a. Design Build b. Design Bid Build c. Integrated Project Delivery  Your answer is correct. The correct answer is: Integrated Project Delivery This delivery method is an alternative to the DBB method and reduces costs a. Integrated Project Delivery b. Construction Management at Risk  c. Design Build Your answer is correct. The correct answer is: Construction Management at Risk

2/4/24, 8:31 PM Module 3 Quiz: Attempt review | LSU Moodle 4.1 https://moodle.lsu.edu/mod/quiz/review.php?attempt=5752529&cmid=2210768 3/16 Question 6 Correct 1.00 points out of 1.00 Question 7 Correct 1.00 points out of 1.00 The contractor submits a contract covering both the project's design and construction phases, is what delivery method? a. Integrated Project Delivery b. Design Bid Build c. Design Build  Your answer is correct. The correct answer is: Design Build In serial tendering, the tenders are based on the work schedules of bills of quantities. The rates are used to value results over a given number of projects, and with time the procedure can be repeated for di±erent projects. Select one:  True False The correct answer is 'True'.

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2/4/24, 8:31 PM Module 3 Quiz: Attempt review | LSU Moodle 4.1 https://moodle.lsu.edu/mod/quiz/review.php?attempt=5752529&cmid=2210768 4/16 Question 8 Correct 1.00 points out of 1.00 Question 9 Correct 1.00 points out of 1.00 Question 10 Correct 1.00 points out of 1.00 Before Bidding, a company must perform proper ? to ensure the project is right for them a. Due Diligence  b. Repair the Work Trucks c. Safety Stand Down Your answer is correct. The correct answer is: Due Diligence A breach of contract is a violation of any of the agreed-upon terms and conditions of a binding contract. Select one:  True False The correct answer is 'True'. The pre-bid meeting is usually open to all interested prospective bidders but can conduct pre-qualifications Select one:  True False The correct answer is 'True'.

2/4/24, 8:31 PM Module 3 Quiz: Attempt review | LSU Moodle 4.1 https://moodle.lsu.edu/mod/quiz/review.php?attempt=5752529&cmid=2210768 5/16 Question 11 Correct 1.00 points out of 1.00 Question 12 Correct 1.00 points out of 1.00 In the bid submission many items must be in it, select all that apply a. Labor  b. Equipment  c. Overhead  d. Materials  Your answer is correct. The correct answers are: Overhead, Labor, Equipment, Materials The low bid method selects competitive bids based on the procurement method's lowest bid. Government and public construction entities use this method. Select one:  True False The correct answer is 'True'.

2/4/24, 8:31 PM Module 3 Quiz: Attempt review | LSU Moodle 4.1 https://moodle.lsu.edu/mod/quiz/review.php?attempt=5752529&cmid=2210768 6/16 Question 13 Correct 1.00 points out of 1.00 Question 14 Correct 1.00 points out of 1.00 Question 15 Correct 1.00 points out of 1.00 This is an opportunity for contractors to leverage their track record a. Selective Tendering  b. Negotiated Tendering c. Open Tendering Your answer is correct. The correct answer is: Selective Tendering What Bid Process Area will you find the RFP or IFB a. Bid Solicitation  b. Contract Formation c. Bid Submission Your answer is correct. The correct answer is: Bid Solicitation These tenders are helpful for highly specialist contracts or when the owner wants to extend the scope of work a. Open Tendering b. Negotiated Tendering  c. Serial Tendering Your answer is correct. The correct answer is: Negotiated Tendering

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2/4/24, 8:31 PM Module 3 Quiz: Attempt review | LSU Moodle 4.1 https://moodle.lsu.edu/mod/quiz/review.php?attempt=5752529&cmid=2210768 7/16 Question 16 Correct 1.00 points out of 1.00 Question 17 Incorrect 0.00 points out of 1.00 Question 18 Incorrect 0.00 points out of 1.00 The delivery method is determined using the following, select all that apply a. A 95% Engineered Design  b. An 80% estimate  c. A schedule  d. A Budget  Your answer is correct. The correct answers are: A schedule, A Budget This is when the project owner lays out the project requirements, specifies the contract type, and defines the delivery method. This is known in the Bid Delivery Method (BDM) Select one:  True False The correct answer is 'False'. A contract is binding and will hold weight if taken to court. Select one:  True False The correct answer is 'True'.

2/4/24, 8:31 PM Module 3 Quiz: Attempt review | LSU Moodle 4.1 https://moodle.lsu.edu/mod/quiz/review.php?attempt=5752529&cmid=2210768 8/16 Question 19 Correct 1.00 points out of 1.00 Question 20 Correct 1.00 points out of 1.00 Question 21 Incorrect 0.00 points out of 1.00 When a site visit is planned, the details of the date and time must be stated in the solicitation documents Select one:  True False The correct answer is 'True'. There are 5 areas for the Bid Process, select all that apply a. Sign in the Log to get credit for attending b. Bid Selection  c. Bid Solicitation  d. Be Early Your answer is correct. The correct answers are: Bid Solicitation, Bid Selection Direct selection is a multiple-source method that uses more than one provider to satisfy all the project requirements. This method is also a non-competitive procurement method that can benefit contractors. Select one:  True False The correct answer is 'False'.

2/4/24, 8:31 PM Module 3 Quiz: Attempt review | LSU Moodle 4.1 https://moodle.lsu.edu/mod/quiz/review.php?attempt=5752529&cmid=2210768 9/16 Question 22 Correct 1.00 points out of 1.00 Question 23 Correct 1.00 points out of 1.00 This is the main tendering procedure used by both government and the private sector a. Selective Tendering b. Negotiated Tendering c. Open Tendering  Your answer is correct. The correct answer is: Open Tendering Unlike other delivery methods, where the construction manager is chosen using the lowest price criteria, the construction manager is used based on qualifications and experience. This is known as Integrated Project Delivery Select one:  True False The correct answer is 'False'.

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2/4/24, 8:31 PM Module 3 Quiz: Attempt review | LSU Moodle 4.1 https://moodle.lsu.edu/mod/quiz/review.php?attempt=5752529&cmid=2210768 10/16 Question 24 Correct 1.00 points out of 1.00 Question 25 Incorrect 0.00 points out of 1.00 This is when the project owner lays out the project requirements, specifies the contract type, and defines the delivery method. What delivery method is this a. Bid Selection b. Bid Submission c. Bid Solicitation  Your answer is correct. The correct answer is: Bid Solicitation The Bid Submission supports rules, especially in government projects, to ensure that the lowest bidder wins the contract. This rules out any fraud or biases in awarding the contract so that price is eventually the ultimate equalizer. Select one:  True False The correct answer is 'False'.

2/4/24, 8:31 PM Module 3 Quiz: Attempt review | LSU Moodle 4.1 https://moodle.lsu.edu/mod/quiz/review.php?attempt=5752529&cmid=2210768 11/16 Question 26 Correct 1.00 points out of 1.00 Question 27 Incorrect 0.00 points out of 1.00 There are 4 areas to know about PRE-BIDS, Identify 2 below a. The conference room has a video teleconferencing system b. Who attends the Pre-Bid  c. What color is the OPS Bldg d. The Time and Place  Your answer is correct. The correct answers are: Who attends the Pre-Bid, The Time and Place The contractor is awarded the contract based on price and past performance a. Negotiated Method b. Low Bid Method  c. Best Value Source Method Your answer is incorrect. The correct answer is: Best Value Source Method

2/4/24, 8:31 PM Module 3 Quiz: Attempt review | LSU Moodle 4.1 https://moodle.lsu.edu/mod/quiz/review.php?attempt=5752529&cmid=2210768 12/16 Question 28 Correct 1.00 points out of 1.00 Question 29 Correct 1.00 points out of 1.00 Question 30 Incorrect 0.00 points out of 1.00 An e±ective tendering method ensures the right contractor is chosen and the ongoing relationship is mutually beneficial for both parties Select one:  True False The correct answer is 'True'. The bid submission needs to have a professional touch. It is the face of the company Select one:  True False The correct answer is 'True'. A minor breach happens when you donʼt receive what by the due date, select all that apply a. Service b. Receive something di±erent  c. Item Your answer is incorrect. The correct answers are: Item, Service

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2/4/24, 8:31 PM Module 3 Quiz: Attempt review | LSU Moodle 4.1 https://moodle.lsu.edu/mod/quiz/review.php?attempt=5752529&cmid=2210768 13/16 Question 31 Correct 1.00 points out of 1.00 Question 32 Correct 1.00 points out of 1.00 Before you submit a Bid you need to answer two queries, select all that apply a. capacity to handle the new contracts  b. Enough Paper to Print the Bid c. Submitting the Bid to the right Address d. Is your backlog too much for you to take up a new deal  Your answer is correct. The correct answers are: capacity to handle the new contracts, Is your backlog too much for you to take up a new deal A²er signing the contract Owner, A&E Firm, and contractor discuss, select all that apply a. Review the quality control plan  b. Finalize the Baseline Schedule  c. Pre-Construction Activities  d. Review the safety plan  Your answer is correct. The correct answers are: Pre-Construction Activities, Finalize the Baseline Schedule, Review the quality control plan, Review the safety plan

2/4/24, 8:31 PM Module 3 Quiz: Attempt review | LSU Moodle 4.1 https://moodle.lsu.edu/mod/quiz/review.php?attempt=5752529&cmid=2210768 14/16 Question 33 Correct 1.00 points out of 1.00 Question 34 Correct 1.00 points out of 1.00 An anticipatory breach is when a party states in advance that they will be delivering on the terms of the contract Select one:  True False The correct answer is 'False'. A breach of contract is considered a crime or even a tort, and punitive damages are awarded for failing to perform promised obligations. Select one:  True False The correct answer is 'False'.

2/4/24, 8:31 PM Module 3 Quiz: Attempt review | LSU Moodle 4.1 https://moodle.lsu.edu/mod/quiz/review.php?attempt=5752529&cmid=2210768 15/16 Question 35 Correct 1.00 points out of 1.00 Question 36 Correct 1.00 points out of 1.00 The increasing complexities of procurement routes led to the rise of di±erent tender procurement methods. Select all that apply a. Negotiated Tendering  b. Selective Tendering  c. Open Tendering  d. Serial Tendering  Your answer is correct. The correct answers are: Open Tendering, Selective Tendering, Negotiated Tendering, Serial Tendering A²er the owner selects a bid that meets their requirements, the parties involved must, select all that apply a. Discuss mobilization before contract is signed  b. Request a stipend  c. Form and Sign the Contract  d. Finalize unclear contract clauses  e. Negotiate Final Pricing  Your answer is correct. The correct answers are: Form and Sign the Contract, Negotiate Final Pricing, Finalize unclear contract clauses

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