Construction Management
5th Edition
ISBN: 9781119256809
Author: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko
Publisher: WILEY
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 3, Problem 12RQE
To determine
To determine whether Person F can able to withdraw his bid after all bids are opened or not, is there any chance for Person F to withdraw the bid after all bids are opened, as no winner has been declared, and under what circumstances one would change the answer.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
What should an estimator do when a bid is received from a subcontractor with a very low price, suggesting that the subtrade has made an estimating error?
Q1) Choose the right answer for each of the following.
a) A field change is typically issued for work that changes the cost or duration
of a project.
b) What is the name of the contracting method in which the owner uses only its
own employees to perform the construction work?.
c) What is the name of the contracting method in which the owner contracts with
one firm for both the design and construction?.. .
d) A bid that is grossly unbalanced can be interpreted as being irregular and
thus rejected.
e) Which type of contract is appropriate when the actual costs of a project and
scope of work are difficult to estimate with accuracy?...
f) For which type of contract does the project definition/scope of work not need
to be clearly defined?..
g) Added work that is required to complete the project but which is considered
part of the contracted scope of work (and therefore no added money is
provided) is called:
h) Which two types of contracts require the owner to maintain additional staff to…
True 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.
Chapter 3 Solutions
Construction Management
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.Similar questions
- List the processes of preparing bid estimates and briefly describe or explain each one.arrow_forwardWhat is a nonresponsive bid?arrow_forwardIf a contractor was selected based on his best price and best technical aspects from his bid documents, this award method is called: Select one: O a. Bidding O b. Best bid c. Best value d. Traditional In case of completing the project with lower cost than agreed on in the lump sum contract, extra money is always kept to the contractor. Select one: a. False Ob. True Direct cost of a project includes Select one: a. All answers are correct O b. Material and equipment cost c. Subcontractor cost O d. Labour costarrow_forward
- Describe the main features of an open bid and how problems associated with open bidding may be avoided.arrow_forwardDescribe the procedure of avoiding the unbalanced bid problem?arrow_forwardOf all the prices that are contained in a contractor’s bid, which items hold the most risk for the contractor?arrow_forward
- Smith’s advertisement for bids on the construction of a sewage-disposal plant stated: “$500 per day liquidated damages if not completed in fifteen months after signing of the contract.” Reynolds saw Smith, explained the effect upon cost, and secured permission to omit this requirement. Has Smith the right to make this change? What should Smith do about other bidders?arrow_forwardQuestion 1 A. On a project, the contractor failed to complete the project on time and the project was terminated. Because of the urgency involved to complete the project, another Contractor 'B' was asked to immediately takeover and proceed with the works without going for a tender or entering into a written contract. Assuming you are the contract manager for the Contractor 'B', what advice would you give to your company on the following: Offer, Acceptance, Consideration, Mutuality of obligations, Competency and capacity before proceeding to start working?arrow_forwardQuestion # 13, Case 3: Bid-design-build This general contractor has been awarded a two-story speculative office building project on a lump sum bid basis. The mechanical, electrical, and plumbing (MEP) systems, including the heating, ventilation, and air conditioning (HVAC) and fire protection systems, were also bid on a lump sum but design-build basis, with very little criteria information available for them to base their bids on. The subcontractors were responsible for preparing their own documents and having them stamped by a state-licensed engineer and obtain their own permits. The general contractor did not submit these documents to the owner for approval, as it was not specified that they had to do so. The MEP systems subcontractors have routinely received city inspections and approvals for work in place. As the project nears completion, the owner and his architect have just walked the project, and they have discovered that several areas of the design-build MEP subcontractors work…arrow_forward
- How can the problem of the unbalanced bid be resolved?arrow_forwardSight an example where foreign bidders are allowed. O Why is there a need for a statement of the prospective bidder of all its ongoing government and private contracts? Let's say, the total number of BAC members is 8. Can a bid opening push through if the number of BAC members present is 4? Justify your answer with a solution and an explanation.arrow_forwardExplain why the bid estimates are not always equivalent to the finalcontract amount after the project is completed.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,