The ___________ outlines for the contractor's estimator the terms of the subtrade bid in good time before the subtrade releases its price at the last minute.
A)bid depository
B)pre-bid subtrade proposal
C)bid shopping proposal
D)performance bond

Question

Quizplus · Accepted Answer

A pre-bid subtrade proposal is a document that outlines the terms of the subtrade bid in advance, allowing the contractor's estimator to have a good understanding of the project scope and requirements before the subtrade releases its price. This can help avoid last-minute surprises or bid shopping, where the contractor tries to negotiate lower prices from subtrades after receiving their bids. A bid depository is a system for collecting and distributing bids, and a performance bond is a type of surety bond that ensures a contractor will complete a project according to the contract terms.

The ___________ Outlines for the Contractor's Estimator the Terms of the Subtrade