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?

<p>10% (A)</p> Signup and view all the answers

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

<p>Owner (D)</p> Signup and view all the answers

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

<p>FIXED LUMP SUM PRICE (A)</p> Signup and view all the answers

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

<p>Commercial Bid and Technical Bid (D)</p> Signup and view all the answers

When is the deadline for submitting the bid?

<p>July 26, 2021 from 3:00PM to 5:00PM (D)</p> Signup and view all the answers

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

<p>Retained earnings on deductive items (B)</p> Signup and view all the answers

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

<p>Technical Bid (C)</p> Signup and view all the answers

What is the correct format for submitting the bid electronically?

<p>Excel format in a CD (C)</p> Signup and view all the answers

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

<p>Architect Jason Garcia (D)</p> Signup and view all the answers

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