30 Questions
Which type of tender call is frequently used when the project involves public funds?
Open Competitive Bids
During the pre-qualification process, what information is gathered about a construction contractor?
Financial capacity, relevant experience, and human resources
What is the purpose of a bond in the construction industry?
To guarantee responsible contract performance and financial security
When would a client typically use direct selection for a construction project?
When the client values established long-term relationships
Which term refers to a change to the bid package issued during the bid period and before execution of the contract?
Definitions Addendum
What is the stipulated sum of money without any adjustment because of alternative prices or substitutions, etc., for which the bidder offers to perform the work called for in the bid documents?
Base Bid
Which term refers to an offer in response to a bid or tender call, forming a 'bid contract' until the time period for acceptance is over?
Bid or Tender
What is a financial security for the performance of an obligation, usually a written document supported by a pledge of collateral?
Bond
Which bond guarantees that if the bid is accepted, the contractor will enter into a formal contract with the owner?
Bid Bond
Which bond indemnifies the owner up to the amount of the bond in the event of default on the part of the contractor?
Performance Bond
Which bond guarantees that claimants will be paid for labor and materials provided to the contractor for use on the project?
Labour and Material Payment Bond
What is the recommended document for performance bonds?
CCDC 221 - Performance Bond
Which of the following is NOT a characteristic of the design-bid-build method of procurement?
The architect is retained by a design-builder
According to the text, what is the purpose of a surety in construction contracts?
To guarantee the performance of the contractor
What is the purpose of a warranty in construction contracts?
To guarantee the performance of the architect
According to the text, what is the architect advised to refer to for a detailed explanation of the procedures and case law associated with bidding and tendering in Canada?
Paul Sandori and William Pigott's Bidding and Tendering: What Is the Law. 5th Edition
Which of the following is NOT a purpose of addenda in the bid documents?
To assist bidders and contract administrators in organizing the addenda
When should the last opportunity for issuing an addendum be?
Four working days before bid closing
Why is it not recommended to receive bids in more than one location?
It can lead to confusion and potential errors
When is it important to specify the bid closing time as 'before' the hour?
To avoid any confusion or misunderstandings
Which of the following is NOT a responsibility that architects may need to provide bidders with information on?
Post-awards
What is the purpose of a privilege clause in a bid package?
To justify awarding a contract to someone other than the lowest bidder
What should architects consider when determining how to distribute bid documents?
The number of sets of bid documents required
What is the purpose of a bid depository?
To collect and register bids from subcontractors and suppliers
According to CCDC 23, what should be done if a bidder notifies the architect or the client of a serious mistake in their bid after the bid closing?
The bidder should not be penalized
What is the consequence of a bidder withdrawing their bid during the period of irrevocability?
The bidder will forfeit the bid deposit or bond
When can a bid be returned unopened or negotiated with the sole bidder?
If multiple bids are submitted
What is the purpose of a bid deposit or bond?
To ensure the bidder's seriousness and commitment
What should be done if a bidder notifies the architect or the client of a mistake in their bid after the bid closing?
Legal advice should be sought
When can a bidder withdraw their bid without penalty?
If the bid-calling authority allows it
"Test Your Knowledge: Quoting and Bidding in the Construction Industry" - Take this quiz to assess your understanding of the rules and procedures involved in submitting quotations for general contractors. Learn about bid depositories and how they play a role in the construction industry. Discover the importance of detailed document analysis in the preparation of bids.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
