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Questions and Answers
When does the primary contractor typically shop for subcontractor prices?
When does the primary contractor typically shop for subcontractor prices?
- During the project execution phase
- After the contract is awarded and the overall project price is known (correct)
- At the beginning of the project planning phase
- Before the contract is awarded
What is the purpose of shopping for subcontractor prices?
What is the purpose of shopping for subcontractor prices?
- To avoid considering subcontractor prices
- To ensure the use of the same subcontractor for all projects
- To compare prices before deciding which subcontractor to use (correct)
- To increase the overall project price
Which of the following is an industry practice in most private and some public markets?
Which of the following is an industry practice in most private and some public markets?
- Shopping for subcontractor prices before awarding the contract (correct)
- Awarding the contract before knowing the overall project price
- Not considering subcontractor prices
- Using the same subcontractor for all projects
Which professionals' fees are negotiated in the pricing model of 'low bid wins' in the supply chain?
Which professionals' fees are negotiated in the pricing model of 'low bid wins' in the supply chain?
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Which pricing model repeats itself in each link of the supply chain?
Which pricing model repeats itself in each link of the supply chain?
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In which markets is the 'low bid wins' pricing model commonly used?
In which markets is the 'low bid wins' pricing model commonly used?
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