At which point in the bid process are errors most likely to occur? Explain why.

Q: Choose the right answer for each of the following. a) A field change is typically issued for work…

A: As per our guidelines we provide solutions for first 3 subparts  So they will be as follows

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

A: An unbalanced bid:

Q: Differentiate between two major tendering processes in term of (identification, advantages and…

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

Q: Identify the correct pairing of the most common procurement method and selection criteria? A.…

A:

Q: If missing, which one of the below items would deem a bid nonresponsive? A. Bid bond B. Certificates…

A:

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: What are the side effects of change orders on the  the contractor's cost?

A: The nature of construction projects is complex and unpredictable, where lots of factors and…

Q: Briefly explain the bid review/analysis process. Describe the steps involved in the bidding process

A: A bid is a submission which a supplier or service provider made in response to an invitation to…

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: 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: Why do owners frequently call for alternative prices to be quoted with bids for construction work?

A: It Is quite common for project owners to ask contractors to provide alternative bids for work or…

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

A: Guidelines in case you suspect the existence of a serious imbalance in the lowest bidder's…

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: Why is the contractor normally required to submit a bidbond when making a proposal to an owner on a…

A: A bid bond is indeed a form of building bond which, in such a building bidding phase, covers the…

Q: Why have the thresholds for an open call for bids increased significantly, according to the Public…

A: Introduction : India's constitution is pro-federal and quasi-federal in nature. The central…

Q: Negotiated tenders will cost the employer more for the purpose of implementing the project by the…

A: Tenders mainly pass as per the price and regulations of the higher bodies. In which the whole…

Q: Determine four reliable sources of building material pricing data

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

Q: Enumerate the advantages and disadvantages of bidding for projects in both the Private and Public…

A: The process of filing a tender to conduct, or manage the undertaking of, a construction project is…

Q: When do Finance Failure Risks occur?

A: The financial failure risk is the possibility of losing the money invested on a project or any work,…

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: 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 role does risk management play in the management of construction

A: Risk management is the process of identifying and analyzing the hazards that your company faces, as…

Q: Discuss the importance timing in the tendering process

A:

Q: Why is the contractor asked to base the quality of a product upon a sample that is placed on display…

A: The contractor asked to base the quality of a product upon a sample that is placed on display during…

Q: What we can do if the consultant reject part form the work carried out by the contractor?

A: First of all do ensure that the consultant reject part form the work carried out by the contractor…

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 is cost-of-service pricing? What is the relationship between value-of-service pricing and…

A: In type of cost-of-service pricing can be simply described as the cost for providing a particular…

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: 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: 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: 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: 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: 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: Discuss “bid rigging” in detail, and suggest how an organisation can address it.

A: When opposing parties collaborate to choose the winner of a bidding procedure, this is known as bid…

Q: True or false? Within those jurisdictions where public contracts are subject to “Fair Subcontracting…

A: Subcontracting can be defined as practice taken up by contractors in which a contractor hires an…

Q: ant resource in any organization, espec

A: Hi! Thank you for the question As per the honour code, We’ll answer one question since the exact one…

Q: What is the difference in between of bid bond and face value in bidding process ? (or in real…

A: A bid bond is a kind of a construction bond that safeguards a developer or an owner in a…

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.