Exam (elaborations)
CON 367 Exam 2 With Complete Solution
- Course
- Institution
CON 367 Exam 2 With Complete Solution...
[Show more]
Content preview
CON 367 Exam 2 WithComplete Solution
5 Main steps in Bidding Phase - ANSWER 1. Bid package preparation
2. Issuing invitaiton to bids
3. managing the bid cycle
4. Bid recipient and opening
5. Notice of intent of award
Bid package preparation - ANSWER the documents that are available to
bidders
EX: Drawings, specs, contracts, instructions to bidders etc.
** It is good practice to have a agency CM bid the package before sent out to
GC's to find errors
Issuing Invitation for Bids (IFB) - ANSWER A advertisement to bid a project
Includes bidding information
- Bid Bond requirement
- Prebid conference
- Issue date
Bidder Prequalification - ANSWER Owners want to make sure that the
, contractor has the capacity and ability to complete the work
Two main ways for of Prequalification - ANSWER 1. Screening contractors
before issuing the bid package
2. Contractor applies for prequalification. If accepted by owner the contractor
needs to submit "prequalificaiton certificate" with its bid.
Managing the Bid Cycle - ANSWER Making sure that the bid cycle is smooth
for contractors.
Prebid Conference:
Explain technical aspects of the project as well as the supplementary
conditions, bidders bring up potential problems such as inadequate bidding
time.
Site Visits
Addenda
Bid Receipt and opening - ANSWER in public projects this is a formal
procedure set by regulation
The procedure of submitting a bid for careful review
Notice of intent to award - ANSWER Whoever is awarded the bid. Usually the
lowest price, responsible bidder
Notice states that the bidder needs to furnish a performance
Bonds - ANSWER A financial obligation to assure payments will be made.
Issued by a surety. Surety company thoroughly analyzes contractor before
issuing them a bond.
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 or Stuvia-credit 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 Newsolution. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
71250 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 15 years now
Recently viewed by you
Package deal ·
Samenvatting toelatingstoetsen pabo
Exam (elaborations) ·
NACE CP2 EXAM LATEST UPDATED GRADED A+
Exam (elaborations) ·
AQA GCSE Physics - Circuit Symbols 2022
Exam (elaborations) ·
Modules 1 - 2: OSPF Concepts and Configuration
Exam (elaborations) ·
CLC Practice Exam #3 __ Questions & Answers
Exam (elaborations) ·
CSTR Exam Questions with Complete Solutions
Visual ·
Mindmap schrijven - gebaseerd op Portaal
Summary ·
Samenvatting literatuur Consciousness
