What is Bidder Prequalification?
Q: What are Bidders Prequalifications?
A: - The motive of prequalification process is to examine a contractor and to determine its…
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: 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: Do the contractors have the right to file claims?
A: Yes, the contractors have the right to file claims.
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: 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: What are the several factors to chose a contract?
A: A contract is a legally enforceable file that identifies and regulates the rights and…
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: 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: How is the Electronic Bid package provided?
A: Construction bidding is the process of submission of tender (proposal) by the contractor to the…
Q: Why is the Insurance coverage an important contractual responsibility of the contractor?
A: Insurance is very important in case of contract.
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: a) What is Bidding? b) Scope of the Manual of Procedure for the Procurement of Goods c) What is…
A: Four subparts are in the question.
Q: What are the performance bonds?
A: Performance bond:
Q: What are the benefits of the forwarding the pricing change orders?
A: Forward pricing is defined as the estimated work cost which is yet to be carried out.
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: Who provides performance and payment bonds?
A: For several construction projects a payment bond is needed.
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: 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 are the benefits of Employer Liability Insurance?
A: Employer Liability Insurance It is useful for a person/owner when one of his/her workers meets with…
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: 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: 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: What is tender documents single bid system?
A: Tendering is defined as the particular type of process whereby governments and institutions offer a…
Q: How can the unbalanced bid be detected?
A: Unbalanced bidding is a phenomenon common to both lump sum and unit price contracts.
Q: most important document/s in a bid? Why?
A:
Q: Who prepares the Bid documents?
A: The Bid documents are the documents which provide all the necessary information to the prospective…
Q: What would be the result of failure to agree on change order pricing?
A: A change order is a work that has been removed or attached to the original contract of work, but…
Q: Who is in control of construction means and methods in a construction contract?
A: The construction means and methods refer to the resources such as building materials, labor,…
Q: What is one of the most common causes of contractor claims?
A: There square measure several quite conflicts occur in construction industry between the parties that…
Q: What are bid documents?
A: A bid document is defined as an output of the planned procurement management process. It is used…
Q: What are some of the examples of fixed-price incentive contracts?
A: Fixed-price incentive contracts are fixed-price contracts but with the incentive given for finish…
Q: How is the documentation of Bids done?
A: The plans , specifications , estimates , Bill of quantities and all the required documents of the…
Q: What are the disadvantages of the written contracts?
A: Written contract: A written contract could be a written agreement between 2 parties, one a borrower…
Q: Differ between the unit price contract and contract price?
A: The contract which is made upon the basis of estimation of the unit price of materials used in the…
Q: What is the purpose of the notice to bidders?
A: Purpose of the notice to bidders:
Q: What is the Partnering Concept?
A: Concept: The type of business partnering used in engineering, architecture, and the construction…
Q: What are unbalanced bids?
A: INTRODUCTION Unbalanced bids is an effective way to benefit from careful estimation of actual…
Q: What are the examples of unit price contracts?
A: The estimated quantities of items and unit prices on the hourly rates, rate per unit work volume…
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:
What is Bidder Prequalification?
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Solved in 2 steps
- Give the guidelines in case you suspect the existence of a serious imbalance in the lowest bidder's proposal?True 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 your observations of Philippine Bidding documents ?