Mastering Bid Depositories

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Which term refers to a change to the bid package issued during the bid period and before execution of the contract?

Definitions Addendum (correct)

Pre-tendering

Base Bid

Bid or Tender

What is the term used to describe a price and/or time estimate in response to a bid or tender call?

Guarantee

Bond

Pre-purchasing

Bid or Tender (correct)

What does pre-selecting refer to in the context of construction contracts?

Purchasing materials, equipment or services by the owner prior to award of the prime contract

Calling tenders by the owner prior to the prime contract tender call

Modifying the drawings and specifications issued during the bid period

Pre-qualifying and selecting a manufacturer or supplier before the tender or award of the total contract (correct)

Which of the following is NOT addressed in the chapter regarding the procurement of a construction contractor using the design-bid-build method?

Situations when the architect is retained by a design-builder Signup and view all the answers

According to the text, what is the purpose of a surety in a construction contract?

To guarantee the performance of the person bonded Signup and view all the answers

What must the architect be cognizant of when it comes to the bidding and tendering process?

The Canadian common law associated with tendering and bidding Signup and view all the answers

What is one of the services provided by the architect in the procurement of a construction contractor?

Assist Client with Pre-qualification of Bidders Signup and view all the answers

According to CCDC 23, what should the bid-calling authority do if a genuine and significant mistake is found in a bid?

Reject the bid and return it unopened Signup and view all the answers

Under what conditions can a bidder withdraw their bid without penalty?

If a serious mistake is made in the bid Signup and view all the answers

What happens if only one bid is submitted?

The bid is rejected and returned unopened Signup and view all the answers

Which type of tender call is frequently used when the project involves public funds?

Open Competitive Bids Signup and view all the answers

What is the purpose of pre-qualification in the tendering process?

To eliminate candidates who do not have the necessary financial capacity and experience Signup and view all the answers

What is a bond in the construction industry?

A guarantee from a bonding company Signup and view all the answers

When are negotiated contracts mostly used in construction procurement?

When time is of the essence or long-term relationships are valued Signup and view all the answers

Which of the following is NOT a responsibility that architects may need to provide bidders with information on?

Post-awards Signup and view all the answers

What is the purpose of a privilege clause in the bid package?

To justify awarding a contract to someone other than the lowest bidder Signup and view all the answers

According to the text, accepting a non-conforming bid is considered a breach of the duty of fairness to all other bidders.

True Signup and view all the answers

What is the purpose of a bid depository?

To collect and register bids from subcontractors and suppliers Signup and view all the answers

Which bond guarantees that if the bid is accepted within the time stated, the contractor will enter into a formal contract with the owner?

Bid Bond Signup and view all the answers

Which bond indemnifies the owner up to the amount of the bond in the event of default on the part of the contractor?

Performance Bond Signup and view all the answers

Which bond guarantees that claimants will be paid for labour and materials provided to the contractor for use on the project?

Labour and Material Payment Bond Signup and view all the answers

What is the recommended form of bid security if a bid bond is selected?

CCDC 220 – Bid Bond Signup and view all the answers

According to the text, what is the purpose of addenda in bid documents?

To modify or interpret the bid documents Signup and view all the answers

What should architects do when organizing addenda in bid documents?

Number and date each addendum Signup and view all the answers

When should the last opportunity for issuing an addendum be?

Four working days before bid closing Signup and view all the answers

Why is it important to specify the bid closing time as 'before' the hour?

To allow for time-stamping and date-stamping of bids Signup and view all the answers

Mastering Bid Depositories

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Questions and Answers

Which term refers to a change to the bid package issued during the bid period and before execution of the contract?

What is the term used to describe a price and/or time estimate in response to a bid or tender call?

What does pre-selecting refer to in the context of construction contracts?

Which of the following is NOT addressed in the chapter regarding the procurement of a construction contractor using the design-bid-build method?

According to the text, what is the purpose of a surety in a construction contract?

What must the architect be cognizant of when it comes to the bidding and tendering process?

What is one of the services provided by the architect in the procurement of a construction contractor?

According to CCDC 23, what should the bid-calling authority do if a genuine and significant mistake is found in a bid?

Under what conditions can a bidder withdraw their bid without penalty?

What happens if only one bid is submitted?

Which type of tender call is frequently used when the project involves public funds?

What is the purpose of pre-qualification in the tendering process?

What is a bond in the construction industry?

When are negotiated contracts mostly used in construction procurement?

Which of the following is NOT a responsibility that architects may need to provide bidders with information on?

What is the purpose of a privilege clause in the bid package?

According to the text, accepting a non-conforming bid is considered a breach of the duty of fairness to all other bidders.

What is the purpose of a bid depository?

Which bond guarantees that if the bid is accepted within the time stated, the contractor will enter into a formal contract with the owner?

Which bond indemnifies the owner up to the amount of the bond in the event of default on the part of the contractor?

Which bond guarantees that claimants will be paid for labour and materials provided to the contractor for use on the project?

What is the recommended form of bid security if a bid bond is selected?

According to the text, what is the purpose of addenda in bid documents?

What should architects do when organizing addenda in bid documents?

When should the last opportunity for issuing an addendum be?

Why is it important to specify the bid closing time as 'before' the hour?

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