Fundamentals Of Construction Estimating
4th Edition
ISBN: 9781337399395
Author: Pratt, David J.
Publisher: Cengage,
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Chapter 2, Problem 3RQ
To determine
The main feature of an open bid and the way by which problems associated with open bidding may be avoided.
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Briefly explain the bid review/analysis process. Describe the steps involved in the bidding process
As prospective bidder, what documents we need to prepare and submit for competitive bidding?
True or False? One option for competitive bidding is a lump sum proposal; one option for negotiated bidding is a cost + fee+ GMP proposal.
Chapter 2 Solutions
Fundamentals Of Construction Estimating
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- a) What is Bidding? b) Scope of the Manual of Procedure for the Procurement of Goods c) What is ABC? d) Eligibility requirements of bidding.arrow_forwardTrue or false? Within those jurisdictions where public contracts are subject to “Fair Subcontracting Laws” to prevent bid shopping, each bidder is required to list its subcontractors as a part of its bid.arrow_forwardWhat are two or three things that might have been in a bid submittal that might result in the bid being declared unresponsive?arrow_forward
- Define the term Time between bid opening and award of contract?arrow_forwardWhat are the instructions for the Bidders?arrow_forwardDiscuss why contractors must make bid/no-bid decisions and the factors involved in making these decisions. Give an example of when a contractor should bid and when a contractor should not bid.arrow_forward
- How is the Electronic Bid package provided?arrow_forwardQ1) Choose the right answer for each of the following. a) A field change is typically issued for work that changes the cost or duration of a project. b) What is the name of the contracting method in which the owner uses only its own employees to perform the construction work?. c) What is the name of the contracting method in which the owner contracts with one firm for both the design and construction?.. . d) A bid that is grossly unbalanced can be interpreted as being irregular and thus rejected. e) Which type of contract is appropriate when the actual costs of a project and scope of work are difficult to estimate with accuracy?... f) For which type of contract does the project definition/scope of work not need to be clearly defined?.. g) Added work that is required to complete the project but which is considered part of the contracted scope of work (and therefore no added money is provided) is called: h) Which two types of contracts require the owner to maintain additional staff to…arrow_forwardThe main objectives of a tendering procedure are to select suitable contractor for the project. Three (3) methods of tender are widely used in the industry. There are Open, Selective and Negotiation tender. i) Explain the Selective Tender. ii) Identify the common criteria the client look into in Selective Tender.arrow_forward
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ISBN:9781337399395
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