Fundamentals Of Construction Estimating
4th Edition
ISBN: 9781337399395
Author: Pratt, David J.
Publisher: Cengage,
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What is a nonresponsive bid?
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- 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?arrow_forwardWhat are two or three things that might have been in a bid submittal that might result in the bid being declared unresponsive?arrow_forwardDescribe what estimators look for in their review of the bid documents.arrow_forward
- Can the contractor, attempt to interpret the strict orders of specifications to prepare the bid?arrow_forwardWhy do some contractors include “bid clarifications” with their bid even when they risk having their bid rejected by doing this?arrow_forwardTrue or false? Within those jurisdictions where public contracts are subject to “Fair Subcontracting Laws” to prevent bid shopping, each bidder is required to list its subcontractors as a part of its bid.arrow_forward
- True or False? One option for competitive bidding is a lump sum proposal; one option for negotiated bidding is a cost + fee+ GMP proposal.arrow_forwardHow can the problem of the unbalanced bid be resolved?arrow_forwardList the processes of preparing bid estimates and briefly describe or explain each one.arrow_forward
- Describe the procedure of avoiding the unbalanced bid problem?arrow_forwardT or F The Owner's level of risk, as well as their level of control, is highest on a Design-Bid-Build (Separate contracts) project. T or F Both Fixed Price and Cost Reimbursement contracts may be issued with Incentive clauses T or F Cost Reimbursement contracts are favored over Fixed Price contracts when the scope is indeterminate, the risk is high and/or availability of resources is uncertain T or F Design-Build is known as “Traditional" contracting T or F Privately financed contracts account for 70 – 80% of total construction volume.arrow_forwardWhat are the rules under which the Contractor must operate to avoid risks?arrow_forward
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