Deck 7: Bidding and Procurement

Question 1

What is the term used to describe the process of investigating the capability of contractors prior to being selected to bid on an upcoming project?

A) Bonding
B) Prequalification
C) Request for proposal (RFP)
D) Licensing
E) Certification

Answer 1

Prequalification

Question 2

In a "pure" construction management delivery method, the selected subcontractor will sign a contract with the ????

A) Owner
B) Construction manager
C) General contractor
D) Designer
E) None of the above

Answer 2

Owner

Question 3

An addendum is a change issued to a bidder after contract award. The accepted addendum may lead to a change in price, time, and/or work required to be accomplished.

Answer 3

False

Question 4

A ????bond requires that the contractor will accomplish acceptably the work contracted.

A) Bid
B) Performance
C) Payment
D) Lien
E) None of the above

Question 5

One of the current trends in risk management is towards centralized control of all project insurance.

Question 6

Identify in which listed part of a typical bid package the following requested information would be found.

-Would include a change in technical requirements issued prior to bid opening

A) Agreement
B) Instructions to bidders
C) Alternates
D) Drawings, specifications, and addenda
E) General and special conditions

Question 7

Identify in which listed part of a typical bid package the following requested information would be found.

-Would address issues such as parking on the job site, traffic control needs, and prevailing wage provisions

A) Agreement
B) Instructions to bidders
C) Alternates
D) Drawings, specifications, and addenda
E) General and special conditions

Question 8

Identify in which listed part of a typical bid package the following requested information would be found.

-Would indicate the date and location for submission of bids

A) Agreement
B) Instructions to bidders
C) Alternates
D) Drawings, specifications, and addenda
E) General and special conditions

Question 9

Identify in which listed part of a typical bid package the following requested information would be found.

-Owner request for pricing of a substitute material

A) Agreement
B) Instructions to bidders
C) Alternates
D) Drawings, specifications, and addenda
E) General and special conditions

Question 10

Identify in which listed part of a typical bid package the following requested information would be found.

-A liquidated damage clause

A) Agreement
B) Instructions to bidders
C) Alternates
D) Drawings, specifications, and addenda
E) General and special conditions