What is the purpose of a price allocation form?

Q: What are Bidders Prequalifications?

A: - The motive of  prequalification process is to examine a contractor and to determine its…

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: How is recording of Bids done?

A: Project bidding is the mechanism whereby the contractor submits a offer to the customer as a request…

Q: Determine four reliable sources of building material pricing data

A: Here is the four reliable sources of building material pricing data.

Q: How is the Electronic Bid package provided?

A: Construction bidding is the process of submission of tender (proposal) by the contractor to the…

Q: What is a payless notice?

A: Pay Less Notice is defined as the notice which is written in order to notify the Payee from the…

Q: What is the Contractor payment? I don't understand what it means in the question's note.

A: contractor in a person which provide different types of services to the owner for example:- In…

Q: Explain how an estimate is priced in two phases

A: Introduction: Estimated pricing is defined as an approximation of the project's cost. The…

Q: Discuss why contractors must make bid/no-bid decisions and the factors involved in making these…

A: Bidding is the stepping process for contractors to establish a strong firm. Making good decisions on…

Q: Is it of vital importance that all bidders receive identical sets of bidding documents?

A: Bidding is the process of submitting a proposal or tender (offer in writing to execute some…

Q: Define the term Instant contract savings?

A: Instant contract saving:

Q: Who provides performance and payment bonds?

A: For several construction projects a payment bond is needed.

Q: What is Bidder Prequalification?

A: Bidder Prequalification:

Q: Why is the accurate pricing of labor and equipment very difficult on some projects?

A: The labor and equipment are the most important part of any project. They both are connected to each…

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: How is the allocation of indirect costs usually done?

A: Let's first understand what is indirect cost: Indirect prices area unit those that can't be fully…

Q: Describe how to address the housing price fluctation issues  by implanting house price prediction…

A: Brief concept introduction- Housing price fluctuation- Housing price varies depending on several…

Q: What are the instructions for the Bidders?

A: The instructions to bidders is a document provided by an investment bank operating a competitive…

Q: Depreciation, Interest, Taxes, Insurance, Storage, and License fees fall under what category cost?

A: Given data,given question related to the estimation and costing.let's discuss the depreciation,…

Q: What would be the result of failure to agree on change order pricing?

A: A change order is a work that has been removed or attached to the original contract of work, but…

Q: What are the Bids and how can they be viewed?

A: Bidding in construction project refers to the process in which the contractor is selected for…