Bid decisions general - Study guides, Class notes & Summaries

CON 1100V Exam (Latest 2024/ 2025 Update) Questions and Verified Answers-100% Correct-Grade A Q: A is any request to submit offers or quotations to the Government. Answer: A solicitation is any request to submit offers or quotations to the Government. Q: Solicitations under sealed bid procedures are called . Answer: Solicitations under sealed bid procedures are called Invitation for bid. Q...

LAW OF CONTRACT NOTES: Contract as an agreement intended to create enforceable obligations A contract is an agreement between two or more parties. The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (animus contrahendi). The absence of an animus contrahendi explains why ‘gentlemen’s agreements’ are not enforceable as contracts. Legally binding agreements that are not contracts: The ...

APMP Glossary Verified Answers Account Plan A sales plan that is specific to one customer and covers multiple opportunities with that customer. The timespan covered by the plan typically is two to five years. Action Caption A short, informative statement associated with a graphic that provides additional information to help the reader understand what the graphic means. Active/Passive Voice Sentences written in active voice have a clear subject and verb. They make it clear who doe...

APMP FOUNDATION CERTIFICATION EXAM QUESTIONS & ANSWERS SOLVED 100% CORRECT!!

CCM Certification Exam 186 Questions with Verified Answers Construction Management Functions - CORRECT ANSWER 1.Project Delivery Methods 2. Project Management 3. Cost Management 4. Time Management 5. Quality Management 6. Contract Administration 7. Safety Management 8. Program Management 9. Sustainability 10. Risk Management 11. Building Information Modeling Construction Management Phases - CORRECT ANSWER - Pre-design • Design • Procurement • Construction ...

Construction Manager in Training (CMIT) Exam - Complete Solutions, Q & A What is one of the primary owner benefits of program management? A) Contractor selection B) Leveraged purchasing C) Partnering D) Aligned dispute resolution Project management and program management are similar in that they both use _________. A) Lean Six Sigma B) Policy level perspective C) Integrated systems D) Independent consultants What elements of a project can benefit the owner by incorporating economies of scale i...

NCIDQ IDFX Exam Questions with 100% correct Answers Latest 2024/2025 (Verified) when goods are shipped FOB destination, who has the title to them while in transit? - correct answer the seller when goods are shipped FOB factory, who has the title to them while in transit? - correct answer the buyer (transfer when goods leave the manufacturer/seller) what is involved in the parameter method of costing? - correct answer an expanded itemization of construction quantities and furnishings and ass...

AFSB 152 Exam With 100% Correct Answers 2023 Surety bond - Correct Answer-A written contract that expresses one party's promise to answer for another party's failure to do something as promised. Surety - Correct Answer-The party (usually an insurer) to a surety bond that guarantees to the oblige that the principal will fulfill an obligation or perform as required by the underlying contract, permit, or law. Obligee - Correct Answer-The party to a surety bond that receives the surety's g...

3 payment methods common in construction industry - Lump sum, Unit Price, Cost Plus 4 Corners - is a contract law doctrine that "the meaning of a document is to be gathered from the entire (all four corners) document." 4 elements of a contract - 1. Agreement (mutual consent) 2. Consideration 3. Capacity to contract 4. Legal subject matter Bid Bond - used to ensure that the principal will honor their bid and enter into a contract with the obligee (owner) for the bid amount after the bi...

Quorum requirements conflicts are resolved by: a. state statute b. the board of directors c. a vote of those present at a meeting d. appointment of a person as a proxy A Fidelity insurance provides coverage to ensure that the: a. board will meet its fiduciary obligations. b. manager will faithfully follow all document provisions. c. association will be covered for shortfalls in the reserve accounts. d. association will recover any funds lost through employee dishonesty D Br...