Fundamentals Of Construction Estimating
4th Edition
ISBN: 9781337399395
Author: Pratt, David J.
Publisher: Cengage,
expand_more
expand_more
format_list_bulleted
Question
Chapter 13, Problem 8RQ
a)
To determine
The advantages and disadvantages of using a bid depository to a general contractor.
b)
To determine
The advantages and disadvantages of using a bid depository to a subcontractor.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Why is the contractor normally required to submit a bidbond when making a proposal to an owner on a competitivelybid contract?
What are Bidders Prequalifications?
What are the general contractor’s two main concerns when a low bid has been received from a subcontractor who is new to the general contractor?
Chapter 13 Solutions
Fundamentals Of Construction Estimating
Knowledge Booster
Similar questions
- Describe one of the convenient options provided to contractors to scroll through the listing of bidding opportunities?arrow_forwardIs 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_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
- What is Bidder Prequalification?arrow_forwardIf you were a contractor, would you respond to any and all Requests for Proposals you come across? Why would you pass on some of them or why would you bid on every single one?arrow_forwardWhy do some contractors include “bid clarifications” with their bid even when they risk having their bid rejected by doing this?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_forwardWhat are two or three things that might have been in a bid submittal that might result in the bid being declared unresponsive?arrow_forwardDefine the term Time between bid opening and award of contract?arrow_forward
- What standard forms of contract are offered by JCT?arrow_forwardSelect a type of construction contract and make a brief discussion of its advantages and disadvantages to both the contractor and the owner.arrow_forwardWhat are the side effects of change orders on the the contractor's cost?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Fundamentals Of Construction EstimatingCivil EngineeringISBN:9781337399395Author:Pratt, David J.Publisher:Cengage,
Fundamentals Of Construction Estimating
Civil Engineering
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Cengage,