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

247. To determine a subcontractor's probable financial stability, which of the following would be the most relevant area for inquiry? A. Bonding rate and capacity. B. Cost of general liability insurance. C. Experience of their project managers. D. History of completed projects. 248. The most effective procurement system includes which of the following? A. Submittal log maintained weekly. B. Management system which tracks the number of submittals still outstanding. C. Log system which tracks how long the design team takes to review each submittal. D. Log which maintains fabrication, estimated and actual delivery, and installation dates. 249. Which stage of the management process has the greatest impact on the success of a project? A. Staffing. B. Planning. C. Monitoring. D. Implementing.

You are a contractor preparing to submit a bid for a construction project. How does the submission of bid process go. Once the bid is submitted, the opening of bids occur. What is the process opening of bids.

Are the quantities of supplies or work stated in the original Bid Schedule used to determine the final amount paid to a contractor under a unitprice contract?