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?

  • 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?

<p>Situations when the architect is retained by a design-builder (C)</p> Signup and view all the answers

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

<p>To guarantee the performance of the person bonded (B)</p> Signup and view all the answers

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

<p>The Canadian common law associated with tendering and bidding (B)</p> Signup and view all the answers

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

<p>Assist Client with Pre-qualification of Bidders (C)</p> 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?

<p>Reject the bid and return it unopened (A)</p> Signup and view all the answers

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

<p>If a serious mistake is made in the bid (B)</p> Signup and view all the answers

What happens if only one bid is submitted?

<p>The bid is rejected and returned unopened (C)</p> Signup and view all the answers

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

<p>Open Competitive Bids (A)</p> Signup and view all the answers

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

<p>To eliminate candidates who do not have the necessary financial capacity and experience (C)</p> Signup and view all the answers

What is a bond in the construction industry?

<p>A guarantee from a bonding company (B)</p> Signup and view all the answers

When are negotiated contracts mostly used in construction procurement?

<p>When time is of the essence or long-term relationships are valued (A)</p> Signup and view all the answers

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

<p>Post-awards (B)</p> Signup and view all the answers

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

<p>To justify awarding a contract to someone other than the lowest bidder (D)</p> 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.

<p>True (B)</p> Signup and view all the answers

What is the purpose of a bid depository?

<p>To collect and register bids from subcontractors and suppliers (B)</p> 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?

<p>Bid Bond (A)</p> 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?

<p>Performance Bond (B)</p> 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?

<p>Labour and Material Payment Bond (C)</p> Signup and view all the answers

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

<p>CCDC 220 – Bid Bond (D)</p> Signup and view all the answers

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

<p>To modify or interpret the bid documents (C)</p> Signup and view all the answers

What should architects do when organizing addenda in bid documents?

<p>Number and date each addendum (D)</p> Signup and view all the answers

When should the last opportunity for issuing an addendum be?

<p>Four working days before bid closing (A)</p> Signup and view all the answers

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

<p>To allow for time-stamping and date-stamping of bids (D)</p> Signup and view all the answers

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