What are the steps in competitive bidding (Single-stage
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ECE LAWS140
a) What are the steps in competitive bidding (Single-stage)?
b) What is Two-Stage Competitive Bidding?
Step by step
Solved in 2 steps
- 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.What is the key feature of mediation and conciliation? a.The independent third party is responsible for deciding the resolution b.The disputing parties are responsible for mutually agreeing on a resolutionTrue or False? One option for competitive bidding is a lump sum proposal; one option for negotiated bidding is a cost + fee+ GMP proposal.
- What are the alternative methods for dispute resolution?a) BIM software popularity has increased due to: Choice 1 Extreme ease of use Choice 2 Designer preference Choice 3 Project owners requiring it Choice 4 Low purchase price b) To avoid Insurance Subrogation risk, a party to a contract needs to: Choice 1 Add itself as named-insured Choice 2 Ask for leniency Choice 3 Ask for tail coverage Choice 4 All of the above c) Why are standard contract forms preferred in construction projects? Choice 1 Elimination of lawyer fees Choice 2 Easier to understand Choice 3 Are inexpensive to purchase Choice 4 None of aboveQuestion 8 What is the contract delivery method called where the prime consultant is responsible to the contractor? E Public-private partnership E Integrated project delivery Design-build I Construction management for services Question 9 What document is requested by the owner to ensure the contractor enters into a contract? Agreement to bond Performance bond Bid bond I Certification of insurance
- Who provides performance and payment bonds?Tendering process - Differentiate between two major tendering processes in term of (identification,advantages and disadvantages, etc.).Classify the under listed instances into the appropriate types of contracts. a. A standard form of construction contract issued by the International Federation of Consulting Engineer (FIDIC). b. A verbal promise to buy a 25-year son a car. c. A written promise to buy a 30-year-old daughter a house. The promise has been written and signed and sealed and delivered to the daughter. d. The supply by a wholesaler of 10,000 bricks to site following a telephone request from the site agent.