Pre bid qualification - Study guides, Class notes & Summaries

1 AIC EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ In addition to the title of the meeting, the date, time and location it occurred, what are the other important items to include in a meeting minutes? Correct Answer: List of attendees and who needs to receive a copy of the minutes. Clear and unbiased summary of the major points, discussions, and decisions made. Action items with responsibility and due dates. Which of the following documents is used by a Contra...

Sole source, single source and emergency procurements are examples of: A. The best ways of procuring goods and services. B. Non-competitive methods of procuring goods and services. C. Unauthorized procurement methods. D. Procurement methods of questionable value. - Answer B. Non-competitive methods of procuring goods and services. In preparing to write a specification or scope of work, we may want to consider one of two methods of gathering facts or details from potential vendors. We c...

CAIB 3 Chapter 5 Exam Questions and Answers 100% Pass Identify the two main classes of bonds issued by surety companies - Answer- 1. Fidelity Bonds 2. Surety Bonds Briefly explain the purpose of a Fidelity Bond - Answer- To protect the employer from the dishonest acts of their employees. Today employees do not purchase their own Fidelity Bonds. Instead employers purchase employee dishonesty insurance Identify and explain the three C's that all underwriters take very seriously, and that ...

NCARB PRACTICE QUESTIONS WITH ANSWERS Public - CORRECT ANSWER-Which of the following methods of bidding is required on most projects for which government funds are to be used? A. Direct B. Negotiated C. Invited D. Public Fast track - CORRECT ANSWER-Which of the following project delivery methods always requires preparation of several individual bid-document packages? A. Design-Bid-Build B. Fast Track C. Design Build D. Turnkey Specifications - CORRECT ANSWER-diagr...

Internal resistance, current crisis, and political windows are all limitations of: A. Creating good solicitations B. Planning C. Changing our procurement rules D. Conducting RFP evaluations correct answer: asdf Name something good about an emergency purchase and something not so good. correct answer: adsfs Which of the following is an alternative to using bidder/source lists? A. Pre-qualification of vendors. B. Past qualification of vendors. C. Sole source purchasing. D. Elec...

Construction Documents correct answers phases 3-4 50% of time spent here Bidding Requirements Contract Forms Contract Conditions front end correct answers stuff that comes before the Construction Documents Bidding Requirements correct answers invitation to bid, pre-qualification forms, instruction to bidders, additional information available, bid forms Contract Forms correct answers owner contractor agreement, performance bond, labor and matls payment bond, certificates of ins...

An entity purchases several different types of mobile phones to meet employees' preferences. This is causing inefficiencies. What action can be taken to address and correct the inefficiencies? A. creation of performance specifications B. sole sourcing C. benchmarking D. standardization - answer-standardization A buyer has been invited to join a supplier account rep for lunch to discuss the performance of a contract. How should the buyer respond to the invitation? A. decline the supplier's o...

Which of the following documents is utilized for correspondence between the A/E or Owner and the Contractor? - answers-Formal Business Letter Which of the following documents is used for correspondence between the home office and the job site? - answers-Memorandum What is the best time to distribute the Working Agenda to the Participants? - answers-About one day prior to the meeting Which document describes the Suggested Agenda for the Preconstruction Meeting? - answers-General Requir...

CAIB 3 - Chapter 5 - Surety Bonds Questions and Answers 100% Pass What guarantees are provided by various licence and permit bonds? - Answer- 1. Compliance Guarantees 2. Financial Guarantees 3. Credit Guarantees Surety - Answer- -The state of being sure, certain and secure. -"one who undertakes to pay money or to do any other act in event that his (the) principal fails therein." -Promises to answer for the default of the principal. Suretyship - Answer- A guarantee of performance made...

CIPS L4M1 EXAM SOLVED 100% CORRECT!! Stakeholders In any activity an organization undertakes, whether strategic, operational or tactical, the activity can only be successful with the input, commitment and support of its key stakeholders. Gaining and maintaining the support and commitment of stakeholders requires a continuous process of engaging the right stakeholders at the right time and understanding and managing their expectations. Global Supply Chains a dynamic worldwide network when a...