What is the 5% factor for concreting works and why do we use it? Explain why the bid estimates are not always equivalent to the final Contract amount after the project is completed |
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- Explain why the bid estimates are not always equivalent to the finalcontract amount after the project is completed.What means are available to a contractor bidding a unit-price project for recovery of “General Conditions Work” (mobilization, bonds, insurance, cost of permits, and other preconstruction expenses)?During what period can a contractor withdraw the bid without penalty?
- Why do you think john was hesitant to quote an exact price during the first meeting? Why did Ken need an indication of the cost of the total project before he could start the project? Was it a good idea to sign a contract for all construction work rather than to break it up into separate phases (with separate contracts) for different parts of the construction work? Why would John require milestone payments during the construction phase rather than a single payment once the construction has been completed? What assurance would Ken have if he discovered during the guarantee period that the roof leaks when it rains?Explain why the bid estimates are not always equivalent to the final contract amount after the project is completed.Question 14: What is a key characteristic of the preconstruction stage? o walkdown of the site o procurements o turnover o industry review Question 15 An advantage of Unit-Price Contract is that the owner will be responsible for the [additional costs for underestimating quantities.] (True/False) Question 16: In which phase is the idea for a project evaluated to determine if it will be done? a. Execution b. Closing c. Definition and planning d. Concept and initiation
- Why does the contractor not want to make a commitment to unit -price amounts?Please give me answer according to the question. In a construction project, what is tendering or the tendering files? who submit them for the bidders ? who receives the pre-qualification files from the contractors? does it depend on the delivery approach or the type of project: private vs public?Is the final amount paid to a contractor under a unitprice contract limited by the quantities of materials or work shown in the original Bid Schedule?
- A contractor wishes to participate in the bidding for a government project and submitted documents for eligibility screening or pre-qualification. The ABC for the project to be bid is P328,644,200.20 with a duration of 20 months. The document submitted by the contractor showed that the largest single project similar to the project to be bid undertaken by the contractor in the last 3-years has a value of P163,866,528.45. Will the contractor be qualified to participate in the bidding for the project? Why?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?The direct and indirect costs estimated by acontractor for bidding a project is Rs. 160000and Rs. 20000 respectively. If the markup appliedis 10% of the bid price, the quoted price (in Rs.) ofthe contractor is----