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Bidding Submission Requirements for Construction Projects

12 Questions

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Bidding Submission Requirements for Construction Projects

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Questions and Answers

What is the percentage for the Down payment required for the Insurance Bond?

25%

10%

20%

15% (correct)

Which document describes the quantities and unit rates included in the Proposal Breakdown?

Bid Documents (correct)

General Conditions of the Contract

Invitation to Bid

Proposal Forms

Who should secure the Occupancy Permit according to the text?

Electrical Contractor

Contractor (correct)

Fire Protection Contractor

Owner

What is the Retention percentage of the Total Contract Price?

10% Signup and view all the answers

Which entity reserves the option to defer or delete other works from the Contract?

Owner Signup and view all the answers

What does the CONTRACTOR need to submit for the Works according to the text?

FIXED LUMP SUM PRICE Signup and view all the answers

What are the two main components of the bid that need to be submitted?

Commercial Bid and Technical Bid Signup and view all the answers

When is the deadline for submitting the bid?

July 26, 2021 from 3:00PM to 5:00PM Signup and view all the answers

What is NOT required for the contractor to include in their bid?

Retained earnings on deductive items Signup and view all the answers

Which document should contain details about Material Procurement Schedule and Safety Plans?

Technical Bid Signup and view all the answers

What is the correct format for submitting the bid electronically?

Excel format in a CD Signup and view all the answers

Which individual should receive the bid submission at the Robinsons Land Corporation office in Quezon City?

Architect Jason Garcia Signup and view all the answers