Bidding

What is the first step in the overall bidding process?

• Bid submission

• Bid evaluation

• Invitation to bid/Notice to bidders

• Obtaining bonds

What is the primary purpose of contractor prequalification?

• To increase the number of bidders

• To ensure the contractor has the required capability and expertise

• To lower the project cost

• To encourage competition

What does the bid package typically include?

• Plans and specifications

• Proposal forms

• General and special conditions

• All of the above

Who circulates the "Notice to Bidders"?

• Prime contractor

• Owner only

• Architect/Engineer (A/E) office, plan rooms, newsletters, and web-based services

• Subcontractors

What is the main purpose of a performance bond?

• To guarantee that the contractor will complete the work as per the specifications

• To ensure the owner receives the lowest bid

• To provide financial security to subcontractors

• To allow the contractor to withdraw from the project without penalties

What is the key financial decision a contractor must make before submitting a bid?

• Whether to accept the lowest subcontractor quotation

• Whether to bid or not to bid

• How many workers to hire for the project

• Whether to purchase materials in advance

Which of the following is NOT a part of the bid evaluation process?

• Selecting the least responsive bid

• Considering contractor expertise and financial ability

• Always selecting the lowest bid

• Taking input from the Architect/Engineer (A/E)

What is a proposal form used for?

• To advertise the project to potential contractors

• To serve as a formal document submitted by the contractor indicating the cost and intent to complete the work

• To list the names of subcontractors and suppliers

• To provide technical specifications for the project

Which of the following is an example of supplementary conditions in a contract?

• Duration of the project

• Standardized government provisions

• General contractor responsibilities

• Bonding requirements

What is the purpose of an addendum in the bidding process?

• To modify the contract after it has been signed

• To introduce changes, corrections, or additions to bid documents before bid submission

• To provide payment details to the contractor

• To finalize the project cost