Describe the procedures to be followed for the receiving andopening of bids. If possible, attend a bid opening and determinethe number of bids that were submitted. For severalunsuccessful bids determine the dollar amounts by whichthey exceeded the winning bid. Then calculate (relative tothe winning bid) the percentages by which they exceed thewinning bid. What do these figures tell about the strength ofthe current estimating and market environments? How muchdid the winning bidder “leave on the table”?

Q: Describe the procedure of avoiding the unbalanced bid problem?

A: An unbalanced bid:

Q: Smith’s advertisement for bids on the construction of a sewage-disposal plant stated: “$500 per day…

A: Given: Smith gave advertisement for bids on the construction of a sewage-disposal plant…

Q: If missing, which one of the below items would deem a bid nonresponsive? A. Bid bond B. Certificates…

A:

Q: Checker LLC has purchased a $100,000 asset to be located in its Italian facility. Either of two…

A:

Q: Why are the bid items based on the area measurements?

A: In today's time the most common contract system is DBB (Design-Bid-Built).

Q: Why do some contractors include “bid clarifications” with their bid even when they risk having their…

A: Solution: Despite the risk of having their bid rejected, contractors will still, on occasion,…

Q: None

A: Greetings, student I've put together a guide to help you with your homework. Please listen carefully…

Q: If a contractor built in a project contingency of $100,000 on a job and this was not itemized in the…

A: Contingency- It is an amount that is added to the estimate to cover any unexpected expenditure. I is…

Q: HG Construction has recently won a contract for $1million dollars. Upon being award contract, HG…

A: Given data,Question given related to the management let's discuss the given situation

Q: When does the system not accept a bid opening date?

A: Bid Opening Date indicates the date and time at which all the submitted bids for a job are properly…

Q: True or False? One option for competitive bidding is a lump sum proposal; one option for negotiated…

A: Let's talk about the first statement "One option for competitive bidding is a lump sum proposal"

Q: What is the difference in between of bid bond and face value in bidding process ? (or in real…

A: A bid bond is a kind of a construction bond that safeguards a developer or an owner in a…

Q: What is the usual function of unit prices when they are required to accompany a lump-sum bid?

A: Answer:- Lump- sum bid: It is that where contractor is required is quote his/her lump sum rate to…

Q: how much money should be included in the overall bid price

A: Unit price contract is contract based on quoted price. So, unit price will be fixed.

Q: . What is the proper method of responding to the bidder inquires during the bid phase of a project?

A: Proper method of responding to the bidder inquiries during the bid phase of a project are :…

Q: if an investor is doing the planning, a ___ helps predict the rate of return and helps in making…

A: IF A INVERSTOR DOING A PLAING