Fudd Associates, Inc. submits a bid for $20 million.Mr. Fudd discovers at bid opening that all other bids areover $25 million. It is obvious that there is a mistake in hiscost estimate. Could he withdraw his bid after all bids areopened, but no winner has been declared? Why? Whatcircumstances would make you change your answer?

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: Briefly explain the bid review/analysis process. Describe the steps involved in the bidding process

A: A bid is a submission which a supplier or service provider made in response to an invitation to…

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: Using straight-line depreciation, what is the depreciation charge in the fifth year for an asset…

A:

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: Why is the contractor asked to base the quality of a product upon a sample that is placed on display…

A: The contractor asked to base the quality of a product upon a sample that is placed on display during…

Q: 3. Negotiations is one of the methods for tendering procedures in selecting the main contractor to…

A:

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: Question 14: What is a key characteristic of the preconstruction stage? o walkdown of the site o…

A: 14)  procurement  15) False  The wrong judged prices will be equally shared by both contractor and…

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: Define the term long lead purchases?

A: Long lead purchase: