Quotations and Bid Submissions for General Contractors

Which one of these is the definition of 'Base Bid' according to the text?

The stipulated sum of money without any adjustment (correct)
A change to the bid package issued during the bid period
A financial security for the performance of an obligation
An offer in response to a bid or tender call

What is the term that replaced 'tender' in the construction industry?

Base Bid
Bid (correct)
Pre-tendering
Pre-selecting

What is the purpose of 'Pre-purchasing' in construction?

To call tenders by the owner prior to the prime contract tender call
To modify the drawings and specifications issued during the bid period
To purchase materials, equipment or services by the owner prior to award of the prime contract (correct)
To pre-qualify and select a manufacturer or supplier

According to CCDC 23, what should be done if a bidder notifies the architect or client of a serious mistake in their bid after the bid closing?

The bidder should be allowed to withdraw their bid without penalty (C) Signup and view all the answers

What is the consequence for a bidder who withdraws their bid during the period of irrevocability?

They forfeit their bid deposit or bond (A) Signup and view all the answers

If only one bid is submitted, what should the architect advise the client to consider?

Negotiating with the sole bidder (C) Signup and view all the answers

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

Open Competitive Bids (C) Signup and view all the answers

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

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

When are negotiated contracts mostly used?

When an owner values the benefits of established long-term relationships (A) Signup and view all the answers

What is the purpose of a bond in the construction industry?

To ensure responsible contract performance and financial security (B) Signup and view all the answers

According to the text, when should the last opportunity for issuing an addendum be?

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

According to the text, why is it important to specify the bid closing time as 'before' the hour?

To avoid confusion (B) Signup and view all the answers

According to the text, what should be done with bids received after the designated bid closing time?

They should be returned unopened to the bidder (C) Signup and view all the answers

According to the text, what should be announced when opening bids for public and some private projects?

None of the above (D) Signup and view all the answers

According to the text, what is the purpose of a 'privilege clause' in a bid package?

To allow owners to justify awarding a contract to someone other than the lowest bidder (D) Signup and view all the answers

What is considered a breach of the duty of fairness to all bidders?

Accepting a non-conforming bid (D) Signup and view all the answers

What should architects consider when determining how to distribute bid documents?

The cost to reproduce a full set of documents (B) Signup and view all the answers

What is the purpose of a bid depository?

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

What is the usual range for bid bonds in terms of the estimated construction cost?

5% to 10% (C) Signup and view all the answers

What is the function of a performance bond?

To cover the costs of completing the contract in the event of default on the part of the contractor (B) Signup and view all the answers

What does a labour and material payment bond guarantee?

That claimants will be paid for labour and materials provided to the contractor (B) Signup and view all the answers

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

Public-private partnerships where proponent teams compete for a project through a complex process of interviews, design iterations, and cost analysis (A) Signup and view all the answers

According to the text, which book is recommended for a detailed explanation of the procedures and case law for the uniquely Canadian approach to bidding and tendering?

Paul Sandori and William Pigott's Bidding and Tendering: What Is the Law. 5th Edition (B) Signup and view all the answers

According to the text, what are two services provided by the architect listed in 'Schedule A - Services of the Canadian Standard Form of Contract for Architectural Services' of Document Six 2018?

Assist Client with Pre-qualification of Bidders and Assist Client in Calling for Bids (A) Signup and view all the answers

According to the text, what should be considered in the procurement approach for selecting a construction contractor?

The decisions made at the outset of the project (C) Signup and view all the answers