Bidding - Study guides, Class notes & Summaries

BICSI RTPM(solved)latest 2023design and implementation/installation Telecommunications project management (TPM) typically consists of two distinct processes: Design PM Tasks Review expression of interest for client Perform a user needs analysis Perform site surveys and meet with client Generate preliminary design submittals Respond to/incorporate client comments Prepare final bid documents/RFP and engineer's cost estimate Issue final RFP package to client Client makes RFP availa...

AFSB 152 - Chapter 3 (The Contract Bidding Process)

Virginia Exam Advanced Questions and Answers In the previous year, a company had revenues of $500,000, project overhead of $40,000 and company overhead of $75,000. The company expects the percentage for project and company overhead to remain the same for the current year. The company desires to make a 10% profit on a project it is bidding. The project would have $80,000 in direct costs. What should the bid price be? - ANS ️️ Between $110,000 and $120,000. What is the name of the proce...

Texas Auctioneer License Part 1 Exam With Verified Solutions 2023/2024. Does an auc*oneer need a federal firearms license? Yes AND No; if estate sale then no, consignment sale then yes If an auc*oneer sales a firearm away from their business loca*on, how do they transfer to buyer? It must be returned to their business loca*on before transferring. Who determines the auc*oneers fee in federal bankruptcy court? The court sets the fee. Who must obtain a firearms license? Persons in the busi...

Ky Board of Auctioneer Test with 100% verified questions and answers Absolute Auction -ANS After the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve -ANS when auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers reserving the right to bid -ANS The auction...

CSLB CONTRACTOR'S EXAM PRACTICE QUESTIONS AND ANSWERS LATEST UPDATE 2023-2024. Which act establishes the rights of workers to organize into unions and negotiate contracts? - Answer National Labor Relations Act of 1935 A contractor has had a problem with employees stealing tools and equipment from job sites. When conducting job interviews, may the contractor ask prospective employees about their arrest records? A. It is legal to ask prospective employees about arrests not leading to convi...

CFCM Study Guide: FAR Part 14. Sealed Bidding questions and answers 2024

• CON 170 MIDTERM EXAM QUESTIONS AND CORRECT ANSWERS 2023 | Defense Acquisition University 1. Which of the following statements most closely summarizes government pricing objectives? b. Acquire goods and services from responsible sources at fair and reasonable prices. 2. As a contract specialist, you should be aware that: a) Different sellers in the same market may have different pricing objectives and approaches. b) Sellers in different markets often have different approaches to con...

NASCLA CH 7 Bidding And Estimating Bid Shopping, Bid Peddling, and Bid Rigging are often great ways to do business. Some state statutes encourage these practices on public projects. TRUE FALSE - correct answer False ___ occurs when the general contractor approaches subcontractors other than those who have submitted bids to seek a lower offer than what was quoted in original bids. In this situation, the general contractor reveals the original bids submitted and tries to reduce the price...

Certified Texas Contract Developer (CTCD) Exam Questions And Answers Legal Elements of a Contract - ANS • Offer • Acceptance • Legal Purpose • Mutuality of Obligation • Certainty of Subject Matter • Consideration • Competent Parties The essential provisions that must be included in every contract - ANS • Scope of work, • Financial provisions (e.g., price and payment terms), • Contract term and termination provisions, and • Identification of the ...