Who prepares the Bid documents?
Q: What are the advantages and disadvantages of using a bid depository to (a) a general contractor and…
A: Bid depository It is a set up whose work is to assemble bids from a subtrades and subsequently…
Q: Describe the procedure of avoiding the unbalanced bid problem?
A: An unbalanced bid:
Q: What are the different types of construction contracts?
A: A construction contract is a formal or legally binding agreement made between two organizations…
Q: Explain the tender procedures?
A: Tendering is the process of making an offer, bid or proposal, or expressing interest in response to…
Q: Define the term Contractual Allocation of Risk?
A: Risk management is the method of defining threats and deciding whether they can be distributed, and…
Q: Describe what estimators look for in their review of the bid documents.
A: Usually, a written scope and specifications, along with drawings are contained by Bid documents.…
Q: Give an example of the unbalanced bid?
A: When a contractor unbalances the bid, it's meant that he will charge more for the initial items of…
Q: What are unit price contracts?
A:
Q: How can the problem of bid closing congestion associated with receiving subtrade bids be reduced?
A: Answer:- Construction bidding:- Construction bidding is a process of submitting a proposal to…
Q: Visit a local contractor and determine the proportion ofcontracts that are negotiated against those…
A: The local contractor has about 75% of contract that are negotiated against those that are…
Q: When are the unit price contracts used?
A: Introduction to Unit price contract Unit Price method is the kind of contract in which total cost of…
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: What is the competitive bidding process?
A: The competitive bidding process as follows: Request for proposal: The organization seeking…
Q: What is the cost Reimbursable contract?
A: A constructional contract is defined as an agreement between two parties in which general and…
Q: How are the bidder's errors interpreted?
A: The Bidder's Error are interpreted in following ways : 1. When the the rates of the bidder's…
Q: 1. Explain the following points based on Ethiopian Federal Government Procurement and Property…
A: Note: The following procedure and condition of application for each part are provided from…
Q: tendering process
A: Tendering process is really a requires long strategic planning to any firm as well as for…
Q: What is the “contractor’s risk,” and how does it relate to the type of construction contract to be…
A: Contractor's Risk : when the term is used in association with a construction project, is the…
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: in which construction contract is given an accurate price fo
A: Introduction- A construction agreement is a legally enforceable contract between two parties based…
Q: How must the bidding phase of a project be handled?
A: The Bid Phase begins after the bid has been approved by the Office of Project Control i.e. OPC and…
Q: Why are there instances where two or more contractors form themselves into joint venture agreement…
A:
Q: what is the Pre and post qualification of contractors in tender?
A: prequalification of tender: it is the stage in the tendering process where a number of organisation…
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: What are the benefits of open shop contracting?
A: Open shop contracting is a type of agreement that may have a union, but it has freedom to hire both…
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: 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: Example of a single bid for a building tender invitation method
A: Question is based on single bid tender invitation method. In single bid method entire document with…
Q: How are partial payments made to the contractors?
A: In any construction project, the total amount to be paid to the contractor is not made in one…
Q: Types of bidding procedures? Explain in your own words.
A: Bidding involves an attempt to lay down a starting price on even an item or brand by a person or…
Q: s are not always equivalent to the final contract amount after the project is complet
A: A gauge is a best guess of how much something will cost. A structure project worker, for instance,…
Q: What is the proper method of responding to bidder inquiries during the bid phase of a project?
A: The addendum is a document added to back up the original document information, change the original…
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: most important document/s in a bid? Why?
A:
Q: What are the objectives of a Post Qualification Process in Bids and Awards of a Project?
A: This step is intended to determine whether or not the bidder who was determined to have submitted a…
Q: Give an example of how a bid is unbalanced.
A: A bid is unbalanced when the actual cost of some material is exaggerated and for some material the…
Q: In a construction contract, which is the best party to bear the various risks?
A: In a construction contract there are various risks, some are given below: Logistical risks Socio…
Q: What are Bid Bonds?
A: A big bond is one of a type of construction bond, which is a guarantee by the bidder or contractor…
Q: What is the purpose of a price allocation form?
A: The price allocation form is a start to finish list of work item on a project that represent the…
Q: Define the term nonresponsive bid?
A: When the bid from a vendor does not satisfy the important requirement of invitation or does not…
Q: What is meant by; Defects liability period, liquidates damages, cost planning, bid bond,…
A: 1. Defect liability period: It is a time period or time frame during which it is the responsibility…
Q: What is the procedure of Contract Submittals?
A: The contract submittals are the documents that serve as contractor’s proof of complying with the…
Q: How is the documentation of Bids done?
A: The plans , specifications , estimates , Bill of quantities and all the required documents of the…
Q: Explain why the bid estimates are not always equivalent to the final contract amount after the…
A: Bid estimates are the approximate cost estimate of any project submitted by the competent authority…
Q: What are the potential problems in Partnering Concept??
A: Potential problems in Partnering Concept are : 1.Different methods for management : Similar forms in…
Who prepares the Bid documents?
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