CMGT 3500 Test 2 ECU Fall 2024
j7 j7 j7 j7 j7 j7
Projectj7awardj7methodsj7(types)j7-j7correctj7answer✔ ✔ -
Competitivej7bidding:j7Openj7orj7selectivej7(canj7bej7usedj7byj7bothj7publicj7orj
7privatej7owners)
-
Negotiation:j7Mostlyj7usedj7inj7privatej7projects,j7veryj7seldomj7usedj7inj7publ
iclyj7owned
-Directj7assignment:j7Mostlyj7usedj7inj7privatej7projects
Advantagesj7ofj7Competitivej7Biddingj7-j7correctj7answer✔ ✔ -
providesj7clearj7ideaj7ofj7totalj7constructionj7costs
-fairj7toj7allj7contractors
-allowsj7forj7completionj7andj7innovationj7toj7reducej7price
-givesj7chancej7forj7newj7contractorsj7withj7limitedj7pastj7experience
-shiftsj7riskj7fromj7ownerj7toj7contractor
Bidj7Riggingj7-j7correctj7answer✔ ✔ -
j7isj7aj7formj7ofj7fraudj7inj7whichj7aj7commercialj7contractj7isj7promisedj7toj7onej
7partyj7evenj7thoughj7forj7thej7sakej7ofj7appearancej7severalj7otherj7partiesj7als
oj7presentj7aj7bid.j7Thisj7formj7ofj7collusionj7isj7illegalj7inj7mostj7countriesj7andj
7isj7unethical
, Elements/Componentsj7ofj7thej7Bidj7-j7correctj7answer✔ ✔ -
Advertisement
-invitationj7toj7bid
-instructionsj7toj7bidders
Instructions/Informationj7toj7Biddersj7(IFB)j7Purposej7-j7correctj7answer✔
✔ -j7reducesj7thej7timej7andj7effortj7requiredj7toj7reviewj7futurej7bids
IFBj7preparedj7byj7whomj7-j7correctj7answer✔ ✔ -
j7usuallyj7preparedj7byj7anj7architect/engineerj7orj7constructionj7manager
Responsivej7Bidj7-j7correctj7answer✔ ✔
Thisj7isj7onej7thatj7meetsj7allj7thej7terms,j7conditionsj7andj7specificationj7ofj7t
hej7bid.j7Thej7bidj7mustj7complyj7withj7thej7contentj7requirementsj7ofj7thej7bid
dingj7documents.j7Thej7bidderj7mustj7doj7whatj7thej7bidj7documentsj7sayj7theyj
7mustj7do.
Responsiblej7Bidj7-j7correctj7answer✔ ✔
Thisj7isj7onej7wherej7thej7bidderj7hasj7thej7overallj7capabilityj7toj7satisfactori
lyj7performj7thej7contract
3j7Conditionsj7fulfilledj7toj7grantj7withdrawalj7ofj7bidj7-j7correctj7answer✔
✔ -j7Mistakej7isj7considerablej7andj7ofj7sufficientj7magnitude
j7 j7 j7 j7 j7 j7
Projectj7awardj7methodsj7(types)j7-j7correctj7answer✔ ✔ -
Competitivej7bidding:j7Openj7orj7selectivej7(canj7bej7usedj7byj7bothj7publicj7orj
7privatej7owners)
-
Negotiation:j7Mostlyj7usedj7inj7privatej7projects,j7veryj7seldomj7usedj7inj7publ
iclyj7owned
-Directj7assignment:j7Mostlyj7usedj7inj7privatej7projects
Advantagesj7ofj7Competitivej7Biddingj7-j7correctj7answer✔ ✔ -
providesj7clearj7ideaj7ofj7totalj7constructionj7costs
-fairj7toj7allj7contractors
-allowsj7forj7completionj7andj7innovationj7toj7reducej7price
-givesj7chancej7forj7newj7contractorsj7withj7limitedj7pastj7experience
-shiftsj7riskj7fromj7ownerj7toj7contractor
Bidj7Riggingj7-j7correctj7answer✔ ✔ -
j7isj7aj7formj7ofj7fraudj7inj7whichj7aj7commercialj7contractj7isj7promisedj7toj7onej
7partyj7evenj7thoughj7forj7thej7sakej7ofj7appearancej7severalj7otherj7partiesj7als
oj7presentj7aj7bid.j7Thisj7formj7ofj7collusionj7isj7illegalj7inj7mostj7countriesj7andj
7isj7unethical
, Elements/Componentsj7ofj7thej7Bidj7-j7correctj7answer✔ ✔ -
Advertisement
-invitationj7toj7bid
-instructionsj7toj7bidders
Instructions/Informationj7toj7Biddersj7(IFB)j7Purposej7-j7correctj7answer✔
✔ -j7reducesj7thej7timej7andj7effortj7requiredj7toj7reviewj7futurej7bids
IFBj7preparedj7byj7whomj7-j7correctj7answer✔ ✔ -
j7usuallyj7preparedj7byj7anj7architect/engineerj7orj7constructionj7manager
Responsivej7Bidj7-j7correctj7answer✔ ✔
Thisj7isj7onej7thatj7meetsj7allj7thej7terms,j7conditionsj7andj7specificationj7ofj7t
hej7bid.j7Thej7bidj7mustj7complyj7withj7thej7contentj7requirementsj7ofj7thej7bid
dingj7documents.j7Thej7bidderj7mustj7doj7whatj7thej7bidj7documentsj7sayj7theyj
7mustj7do.
Responsiblej7Bidj7-j7correctj7answer✔ ✔
Thisj7isj7onej7wherej7thej7bidderj7hasj7thej7overallj7capabilityj7toj7satisfactori
lyj7performj7thej7contract
3j7Conditionsj7fulfilledj7toj7grantj7withdrawalj7ofj7bidj7-j7correctj7answer✔
✔ -j7Mistakej7isj7considerablej7andj7ofj7sufficientj7magnitude
