Mastering Subcontractor Selection and Project Pricing in the Construction Indust...
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Questions and Answers

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?

  • 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?

  • 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?

    <p>All of the above (D)</p> Signup and view all the answers

    Which pricing model repeats itself in each link of the supply chain?

    <p>Low bid wins (A)</p> Signup and view all the answers

    In which markets is the 'low bid wins' pricing model commonly used?

    <p>Both private and public markets (C)</p> Signup and view all the answers

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