LARE Exam Section 1 question with correct solution rated A+ already passed

LARE Exam Section 1 question with correct solution rated A+ already passedContract Documents - correct answer Is made up of Construction Drawings, Technical Specifications, General Specifications and Bidding Forms and Instructions Bidding Process begins - correct answer Once Construction Documents have been completed and Owner is prepared to hire contractor Invitation to Bid - correct answer A brief description of the project and timetable for bid period, typically has where to obtain contract documents, bid security, bonding requirements etc. Instructions to Bidders - correct answer Detailed requirements include: Bidder Qualifications, Site Access, Pre-Bid Conferences, Bid Security, Bonding Requirements, Instructions on filling out Bid Form, Receipt of Bid Requirements, Provision for the modification or withdrawal of a bid, Methods of awarding contract, EEO Requirements, Change Orders, Wage Rates, Underground utility protection, sale tax requirements, Guarantee requirements Bid Form - correct answer Forms to be fill and submitted by Contractor which has the Base Bid Price, any alternates and price for each, provisions for additional work( unit price) , signatures and certifications Can also include: Contract period for construction, liquidated damages provisions, acknowledgement of received Addenda, and Bid submission Bid Bond - correct answer Assures the Contractor will agree to the contract if their proposal is accepted, if the Contractor does not agree, bond is forfeited to the Owner, it is signed by both parties Agreement - correct answer The Contract for the work, refers to various sections of the General Conditions and Contract Documents which control different aspects of the work Performance Bond - correct answer Assures that the Contractor will complete the work in conformance with the contract requirements. Payment Bond - correct answer Assures that the Contractor will pay their sub