247. To determine a subcontractor's probable financial stability, which of the following would be the most relevant area for inquiry? A. Bonding rate and capacity. B. Cost of general liability insurance. C. Experience of their project managers. D. History of completed projects. 248. The most effective procurement system includes which of the following? A. Submittal log maintained weekly. B. Management system which tracks the number of submittals still outstanding. C. Log system which tracks how long the design team takes to review each submittal. D. Log which maintains fabrication, estimated and actual delivery, and installation dates. 249. Which stage of the management process has the greatest impact on the success of a project? A. Staffing. B. Planning. C. Monitoring. D. Implementing.

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Bid Package

A bid package is a set of all documents, often known as bid documents necessary to be submitted by a general contractor before participating in a competitive construction bid to receive tender of execution of any construction project.