HG Construction has recently won a contract for $1million dollars. Upon being award contract, HG contacts its subcontractors and asks them to lower their initial bid amou unethical action is known as:

Q: a) Discuss the principal/primary contractual roles of the client and contractor under the…

A: Under conventional construction contracts, there are generally two primary parties involved:the…

Q: Upon opening of the second envelope contractor ABC with the lowest calculated bid was determined.…

A: To determine: To whom should the contract be awarded if lowest bidder decline to push through the…

Q: machine has a life of 30 years, costs $244300, and has a salvage value of $10880 using straight-line…

A: Given the cost price of a machine and its salvage value after the period of 30 years.  To find :…

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: The installation cost of a machine is $8000 with estimated life of 10 years and selvage value of…

A:

Q: Tendering evaluation process is normally very tedious and needs to be done very carefully. Based on…

A: Tendering is the process to issue a bid by an organisation for fulfill their requirement of project…

Q: In the execution of any project, the contractor's role and responsibility is to: Oa. maintain safety…

A: Explaination : The Contractor has to control the work environment of the project. Contractor makes…

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: Do the task according to the given instructions. Show solutions.

A: The objective of the question is to evaluate the profitability of an investment in a new enterprise…

Q: A project had March 4, 2021 as substantial completion date. The owner of the contracting company…

A:

Q: The direct and indirect costs estimated by a contractor for bidding a project is Rs. 160000 and Rs.…

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: Negotiated tenders will cost the employer more for the purpose of implementing the project by the…

A: Tenders mainly pass as per the price and regulations of the higher bodies. In which the whole…

Q: ucture and building foundations for Short’s new factory for a stated percentage of the contract…

A: The design and construction of super structure depends on the type of foundation used. Planning and…

Q: What payments are typically linked to Substantial Completion? And to Final Completion?

A: In any construction project, the owner must make monthly or regular payments to the general…

Q: Q2/A pre-cast concrete factory was purch an advance, and the rest of the amount will be paid in the…

A: Given: Value of each installment= 17000$ Time of installments = 5 years Interest rate = 8% To find:…

Q: What is the method used by the contractor to reduce the bidding price and increase his profit,…

A: Bids may be evaluated according to a variety criteria, but the key one is typically the total price.…

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

A:

Q: What actions can be taken to collect liquidated damages for the failure of a contractor to meet…

A: Liquidated damages are penalties the value to which the parties assign as reimbursement for a…

Q: A practice related to construction finance that can be interpreted as unethical is: A. front-loading…

A: There are many practices in the construction which are interpreted as unethical  Bribing…

Q: lished at $18,000,000. The contract calls for a fixed fee of one million dollars for the contractor…

A: Given:- GMP established cost=$18,000,000 To find:- the owner's cost and contractor's profit if…

Q: At which point in the bid process are errors most likely to occur? Explain why.

A: The part of the process that is most likely to produce the most errors during the entire bidding…

Q: What can be the result of the contractor’s failure to follow mandated government claims procedures?

A: A contractor is a self-employed person that carries out work for the construction company. The…

Q: An owner can protect themselves from a failure of the low bid contractor to live up to their bid by…

A: Bid bond is legal agreement that protects the owner from failure of low bid contractor by…

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 are the objectives of, and who should attend, the pre-bid review?

A: the purpose of the pre-bid review is to get the input of other experienced construction managers and…

Q: Why is it often difficult for an estimator to prepare a cost breakdown with the bid?

A: (1) Resources constraints (2) Insufficient time available (3) adverse environmental conditions (4)…

Q: The installation cost of a machine is $8000 with estimated life of 10 years and selvage value of…

A: For the straight line method the depreciation is constant for every yearDepreciation per…

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: The direct and indirect costs estimated by a contractor for bidding a project is Rs. 160000 and Rs.…

A: Given data- Direct cost=Rs 1,60,000Indirect cost=Rs 20,000mark up=10% of the bid priceTo Find-The…

Q: Define the term long lead purchases?

A: Long lead purchase:

Q: A contractor wishes to participate in the bidding for a government project and submitted documents…

A: Given data- ABC project bid = P328,644,200.20 with a duration of 20 monthslargest single project…

Q: 35. are used to modify the contract or bidding documents (i, e., plans specifications) after the…

A: this question is asking about some fill in the blanks in project management. here as per bartleby…

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.