CM 334 Module IV Exam || All Answers Are Correct 100%.
3 views 0 purchase
Module
CM 334 Module IV
Institution
CM 334 Module IV
What are public agencies? correct answers federal, state and local governments and their agencies,
How much work do subcontractors typically perform? correct answers 20% - 80% of the work
What are public construction contracts? correct answers a construction contract between a public agency a...
CM 334 Module IV Exam || All Answers Are Correct 100%.
What are public agencies? correct answers federal, state and local governments and their agencies,
How much work do subcontractors typically perform? correct answers 20% - 80% of the work
What are public construction contracts? correct answers a construction contract between a public
agency and a private construction company
Duties and rights under a construction contract cannot be assigned from prime contractor to subcontractor! correct answers However, a contractor can subcontract performance to a subcontractor
What are contracting officers? correct answers COs manage each public agency's bidding process; they have authority to solicit for bids, evaluate bids, make contract awards and administer those contracts on behalf of the public agency
What are pre-bid conferences? correct answers public agencies invite potential bidders to answer
questions posed by the bidders and communicate any additional information relevant to the bid
What is responsive bid? correct answers one that complies with all material requirements of a public agency's solicitation
What is a non responsive bid? correct answers a failure to comply with each and every material requirement; these bids cannot be considered
What is a substitution? correct answers any equipment, material, article or process that differs from what is prescribed in the specifications
What is an alternate? correct answers consists of different equipment, material, article or process that differs from what is prescribed in the construction documents
What is an addenda? correct answers any change in the bid solicitation that is issued before the bids are submitted; bidders must list each and every addenda on their bid forms and provide written acknowledgement of their receipt and incorporation into their bid amount; failure to acknowledge may render bid unresponsive
What is a front-loaded bid? correct answers a material deviation common with unit-price contracts; utilize any pricing technique that modifies unit-prices or the schedule of values, to increase the amounts paid to a contract at the beginning of a project while reducing payments at the end of a project
What is a responsible bidder? correct answers one who has the necessary character, experience and capability to perform the work of the contract to demonstrate responsibility, a bidder is required to:
1. have adequate financial resources to perform the contract or the ability to attain them,
2. be able to comply with the required or proposed delivery or performance schedule, taking into account all existing commercial and governmental business commitments
3. have a satisfactory performance record
4. have a satisfactory record of integrity and business ethics
5. have the necessary organization, experience, account and operational controls and technical skills or the ability to obtain them,
6. have the necessary production, construction and technical equipment and facilities, or be able to obtain them
7. be otherwise qualified and eligible for award under applicable laws and regulations
What is a performance evaluation? correct answers federal government's records of contractors performance evaluation on all contracts for more than $100k; major factors in the responsibility determinations on current projects
What is suspension or debarment? correct answers criminal or wrongful behavior by a contractor
could result in suspension or debarment by a public agency
debarment prohibits a contractor from bidding on or performing public construction contracts for
a specific period of time, but not to exceed 3 years, the max term for a debarment
suspensions are temporary disqualifications that are used while the agency investigates or while a legal proceeding takes place
What is novation? correct answers a legal device for transferring the duties and rights of a prime contractor to a different contractor; requires agreement of both parties (contractor and owner)
What is trade financing? correct answers alludes to the fact that the subcontractor is in effect "financing" the cost of labor for the construction project
What is a flow-thru clause? correct answers sometimes referred to as a conduit clause in the prime contract; compels the prime contractor to bind each subcontractor to the terms and conditions of the prime contract
NOT self-executing meaning subs are not automatically bound to it
What is an incorporation by reference? correct answers makes the prime contract an integral part of the subcontract itself; states that contractor and sub are mutually bound by the terms of the prime contract and extends rights and duties in the subcontract in the same way they are assumed
in the prime contract
What is the Davis-Bacon Act? correct answers Requires contractors to pay all workers prevailing
(union) wage; federal construction projects and public projects that are financed wholly or in party by federal dollars are subject
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller FullyFocus. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £9.38. You're not tied to anything after your purchase.
