CON 367 Exam 2 With
Complete Solution
5 Main steps in Bidding Phase - ANSWER 1. Bid package preparation
2. Issuing invitaiton to bids
3. managing the bid cycle
4. Bid recipient and opening
5. Notice of intent of award
Bid package preparation - ANSWER the documents that are available to
bidders
EX: Drawings, specs, contracts, instructions to bidders etc.
** It is good practice to have a agency CM bid the package before sent out to
GC's to find errors
Issuing Invitation for Bids (IFB) - ANSWER A advertisement to bid a project
Includes bidding information
- Bid Bond requirement
- Prebid conference
- Issue date
Bidder Prequalification - ANSWER Owners want to make sure that the
, contractor has the capacity and ability to complete the work
Two main ways for of Prequalification - ANSWER 1. Screening contractors
before issuing the bid package
2. Contractor applies for prequalification. If accepted by owner the contractor
needs to submit "prequalificaiton certificate" with its bid.
Managing the Bid Cycle - ANSWER Making sure that the bid cycle is smooth
for contractors.
Prebid Conference:
Explain technical aspects of the project as well as the supplementary
conditions, bidders bring up potential problems such as inadequate bidding
time.
Site Visits
Addenda
Bid Receipt and opening - ANSWER in public projects this is a formal
procedure set by regulation
The procedure of submitting a bid for careful review
Notice of intent to award - ANSWER Whoever is awarded the bid. Usually the
lowest price, responsible bidder
Notice states that the bidder needs to furnish a performance
Bonds - ANSWER A financial obligation to assure payments will be made.
Issued by a surety. Surety company thoroughly analyzes contractor before
issuing them a bond.
Complete Solution
5 Main steps in Bidding Phase - ANSWER 1. Bid package preparation
2. Issuing invitaiton to bids
3. managing the bid cycle
4. Bid recipient and opening
5. Notice of intent of award
Bid package preparation - ANSWER the documents that are available to
bidders
EX: Drawings, specs, contracts, instructions to bidders etc.
** It is good practice to have a agency CM bid the package before sent out to
GC's to find errors
Issuing Invitation for Bids (IFB) - ANSWER A advertisement to bid a project
Includes bidding information
- Bid Bond requirement
- Prebid conference
- Issue date
Bidder Prequalification - ANSWER Owners want to make sure that the
, contractor has the capacity and ability to complete the work
Two main ways for of Prequalification - ANSWER 1. Screening contractors
before issuing the bid package
2. Contractor applies for prequalification. If accepted by owner the contractor
needs to submit "prequalificaiton certificate" with its bid.
Managing the Bid Cycle - ANSWER Making sure that the bid cycle is smooth
for contractors.
Prebid Conference:
Explain technical aspects of the project as well as the supplementary
conditions, bidders bring up potential problems such as inadequate bidding
time.
Site Visits
Addenda
Bid Receipt and opening - ANSWER in public projects this is a formal
procedure set by regulation
The procedure of submitting a bid for careful review
Notice of intent to award - ANSWER Whoever is awarded the bid. Usually the
lowest price, responsible bidder
Notice states that the bidder needs to furnish a performance
Bonds - ANSWER A financial obligation to assure payments will be made.
Issued by a surety. Surety company thoroughly analyzes contractor before
issuing them a bond.
