Construction Management
5th Edition
ISBN: 9781119256809
Author: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko
Publisher: WILEY
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Question
Chapter 4, Problem 5RQE
To determine
Find what refers to unbalancing a bid and also mention the contract type that is implied. Explain how a bid is unbalanced with an example.
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Give an example of the unbalanced bid?
What are Bidders Prequalifications?
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.
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- what are the advantages and disadvantages of the four basic contract types? -lump sum, cost-plus-free, guaranteed maximum price, unit price contractsarrow_forwardWhat is the method used by the contractor to reduce the bidding price and increase his profit, explain?arrow_forwardWhat are the several factors to chose a contract?arrow_forward
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