Competitive bid Study guides, Class notes & Summaries

CCM Exam Study Guide - HPM Questions and answers latest update What Is a pre-solicitation notice? The pre-solicitation notice helps government agencies determine if there are qualified vendors to perform the work scope. It provides a "heads up" that the solicitation will be released and solicits capability responses from responsible vendors. The pre-solicitation notice also helps the government determine if the requirement can be set-aside for a small business if capable small businesses res...

TESTBANK FOR Corporate Finance, 3rd Edition by Jonathan Berk and Peter DeMarzo Corporate Finance, 3e (Berk/DeMarzo) Chapter 1 The Corporation 1.1 The Four Types of Firms 1) A sole proprietorship is owned by: A) one person. B) two of more persons. C) shareholders. D) bankers. Answer: A Diff: 1 Section: 1.1 The Four Types of Firms Skill: Definition 2) Which of the following organization forms for a business does NOT avoid double taxation? A) Limited partnership B) "C" corpora...

COSC 275 Exam 2 Palmer; Questions and Answers % Correct Hard bid low price Correct answer-Owner hires architect Architect designs Contractors bid Awarded to low bidder Competitive sealed proposals Correct answer-Involves criteria other than price when awarding contract Weight given to each criteria that will be considered Criteria: (changes) - Cost - Previous experience - Qualification of staff - Financial stability - Project schedule

this term means the management or handling of the business relations between parties to a contract - CORRECT ANSWER-contract administration this term refers to a much broader responsibility of relating to all project-related functions between the parties to a contract - CORRECT ANSWER-construction administration project delivery system is defined as... - CORRECT ANSWER-an approach to building the project team. an organizational concept which assigns specific responsibilities and authoriti...

NCARB Exam Review Questions & Answers 2024/2025 Prioritizing the review and return of sequential submittals numbered by the contractor. The review of submittals falls within the standard of care, and the review of priority submittals to assist with the schedule does not raise the standard of care. - ANSWERSDuring construction, a contractor falls behind schedule and has no plan to align with the critical path. The owner asks the architect to assist in getting the schedule back on track wi...

CPPB - Domain II Sourcing Exam Questions & Answers 2024/2025 Scope of Work - ANSWERSTypically developed by procurement to be included in the solicitation to procure services or other more complex combinations of products and services. Sometimes called "Performance Specification" PWS - ANSWERSPerformance Work Statement SOO - ANSWERSStatement of Objectives Statement of Work - ANSWERSThe proposed solution by the successful proposer responding to the Scope of Work appearing in the so...

Bid Specs what can't you do -:- NJSA 40A11-13 include a standard that has nothing to do with the purpose residency requirements discriminate require a brand name (may say Brand name or equal) fail to include options to extend or renew What makes up a good bid spec -:- Have a non-mandatory pre-bid meeting (if complicated bid) Enough time-between invitation and submission Review bids promptly- so you can award without delay what does SREC stand for -:- Solar Renewal Energy ...

What are the five main types of project delivery systems? - 1. DBB 2. CMa as Adviser 3. CMa as Constructor 4. Design-Build 5. Integrated Project Delivery Regardless of project delivery method, the architect's duties will also included what? - Assisting in the SELECTION of a contractor and in controlling the costs. What is the tradition PDM? - DBB Describe the flow of DBB. - 1. A. designs proj. 2. A. finishes CDs 3. A. writes specs. 4. A. completes cost estimates. What doc is ...

ARE 5.0 Construction & Evaluation Test with complete Answers Competitive bid Negotiated Bid Why would an Owner hire a Construction Manager as Adviser (CMa)? Which project delivery limits the role and responsibilities of the Architect during preconstruction? Who is responsible for cost control in design-build delivery?) Who must approve a proposed substitution? If approved, what is done with the proposal? Who is the only party who guarantees by contract all construction costs? A...

CIPS LATEST UPDATE WITH COMPLETE SOLUTIONS Tender Process Determine style of tender Prepare invitation -include info so all bidders understand the need and send a suitable bid Send ITT using suitable platform Receive bids - any bids after deadline date should be disregarded. Evaluate the bids. Check they meet the required expectations, disregard bids that are incomplete or bids that are not the correct standard. Evaluate the bids against the criteria and score. Use a cross functional...