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Purpose of Bidding Process Quiz

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Questions and Answers

What is the purpose of the Addenda document in the bidding process?

To illustrate any changes, additions, omissions, and corrections that arise before bidding (correct)
To submit a statement illustrating the contractor's potentials for performing the project
To provide a verbal description of the technical requirements
To calculate the contractor's costs including materials, labor, and equipment

What does the term 'Prequalification' refer to in the context of the text?

The potential for performing the current project as submitted by a contractor (correct)
The calculation of the contractor's costs including materials, labor, and equipment
The contractor's decision to bid based on site inspection
The contractor's profit markup in the bidding process

What is included in the bid value in the bidding process?

The calculation of the contractor's costs including materials, labor, and equipment
Costs of materials, labor, and equipment (correct)
A verbal description of the technical requirements
Overheads for site office, costs of personnel, security costs, administration costs

What is the purpose of an estimate in the bidding process?

To calculate the contractor's costs including materials, labor, and equipment (A) Signup and view all the answers

What is the purpose of providing supporting documents in the bidding process?

To help the owner decide on the best contractor (B) Signup and view all the answers

What action should the bidding committee take at Bid Opening?

Record all bids (D) Signup and view all the answers

What is the responsibility of the Bidding Committee during bid evaluation?

Strictly apply all evaluation criteria (A) Signup and view all the answers

When is the contract awarded to successful bidders?

After bid evaluation (C) Signup and view all the answers

What is the main purpose of the bidding process?

To ensure transparency in the procurement process (A) Signup and view all the answers

What does the bid package include?

Information about the availability of plans and specifications (D) Signup and view all the answers

What is the purpose of the notice to bidders/tender notice?

To announce that design documents are available for consideration and bids are being accepted (A) Signup and view all the answers

What is the primary focus when using funds for project implementation?

Ensuring economy and efficiency while achieving the best value for money (A) Signup and view all the answers

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