Give the guidelines in case you suspect the existence of a serious imbalance in the lowest bidder's proposal?

Q: As the owner of the project MDS, you had defined the contractual relationshipsI parties involved in…

A: As an owner of the project, if you had defined a contractual relationship between the parties, which…

Q: Describe the procedure of avoiding the unbalanced bid problem?

A: An unbalanced bid:

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: 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: 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: What is the competitive bidding process?

A: The competitive bidding process as follows: Request for proposal: The organization seeking…

Q: Can the contractor, attempt to interpret the strict orders of specifications to prepare the bid?

A: Bidding is the process in a tender and the one who put the highest bid will get the contract.

Q: You have been offered a job by a General Contractor as a Project Engineer to work with a team to put…

A: The bid proposal of the construction project worth is $100 million.The steps to take as a project…

Q: tendering process

A: Tendering process is really a requires long strategic planning to any firm as well as for…

Q: Give some reasons for the unbalancing bids?

A: The unbalancing of a bid is the transfer of portion of the work cost for one part of work to another…

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: What are the performance bonds?

A: Performance bond:

Q: Describe one of the convenient options provided to contractors to scroll through the listing of…

A: The process in which takes place after the submission date end of tender is known as bid…

Q: What should happen to bid documents in the advance stage of a bid?

A: The following takes place to bid documents in the advance stage of a bid:

Q: What are the general contractor’s two main concerns when a low bid has been received from a…

A: When a low bid has been received by a subcontractor who is new or unknown to the general…

Q: What is the intended purpose of conducting a bidding, why cant the government do the projects on…

A: The main purpose of bid evaluation is to determine the lowest evaluated and substantially responsive…

Q: Why is there a need for a statement of the prospective bidder of all its ongoing government and…

A: Solution: There is the need for the statement as:

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: 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 is the fixed-price incentive contract?

A: Fixed price incentive contract is a contract in which a fixed percentage on the total target cost or…

Q: What are the rules under which a contractor must rightfully operate?

A: A contractor is a person or a firm that performs work on a contract basis. A contractor undertakes a…

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 types of relationships are intended to be established under a Partnering agreement?

A: When a mutually developed formal ideology of communication and accountability planned to increase…

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: Who prepares the Bid documents?

A: The Bid documents are the documents which provide all the necessary information to the prospective…

Q: Tendering process - Differentiate between two major tendering processes in term of (identification,…

A: Two major types of tendering process are as follows :-  Open Tendering Selective Tendering

Q: . What is the proper method of responding to the bidder inquires during the bid phase of a project?

A: Proper method of responding to the bidder inquiries during the bid phase of a project are :…

Q: As the project manager of your company, what will be your cinsideration during Tender adjustments…

A: Followings are the considerations during the adjustments for the submissions of the tender:

Q: What is a nonresponsive bid?

A: If a vendor's bid fails to meet the essential invitation criteria or does not confirm the substance…

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: 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 are bid documents?

A: A bid document is defined as an output of the planned procurement management process. It is used…

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 is the Partnering Concept?

A: Concept: The type of business partnering used in engineering, architecture, and the construction…

Q: What are the potential problems in Partnering Concept??

A: Potential problems in Partnering Concept are : 1.Different methods for management : Similar forms in…

Q: Who asks the contractor to forward the pricing change orders and why?

A: A change order is a record that explains changes in the development scope, plan, site conditions, or…

Q: What are two or three things that might have been in a bid submittal that might result in the bid…

A: The following might lead to declare the bid as non-responsive:

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.