Quoting and Bidding in Construction

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

Negotiated Contracts

Invited Competitive Bids

Open Competitive Bids (correct)

Direct Selection

During the pre-qualification process, what information is gathered about a construction contractor?

Project specifications and drawings

Construction cost estimates

Architect's qualifications and experience

Financial capacity, relevant experience, and human resources (correct)

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

To indemnify the contractor against loss

To guarantee responsible contract performance and financial security (correct)

To provide insurance coverage for construction projects

To secure funding for construction projects

When would a client typically use direct selection for a construction project?

When the client values established long-term relationships Signup and view all the answers

Which term refers to a change to the bid package issued during the bid period and before execution of the contract?

Definitions Addendum Signup and view all the answers

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 Signup and view all the answers

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 Signup and view all the answers

What is a financial security for the performance of an obligation, usually a written document supported by a pledge of collateral?

Bond Signup and view all the answers

Which bond guarantees that if the bid is accepted, the contractor will enter into a formal contract with the owner?

Bid Bond Signup and view all the answers

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 Signup and view all the answers

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 Signup and view all the answers

What is the recommended document for performance bonds?

CCDC 221 - Performance Bond Signup and view all the answers

Which of the following is NOT a characteristic of the design-bid-build method of procurement?

The architect is retained by a design-builder Signup and view all the answers

According to the text, what is the purpose of a surety in construction contracts?

To guarantee the performance of the contractor Signup and view all the answers

What is the purpose of a warranty in construction contracts?

To guarantee the performance of the architect Signup and view all the answers

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 Signup and view all the answers

Which of the following is NOT a purpose of addenda in the bid documents?

To assist bidders and contract administrators in organizing the addenda Signup and view all the answers

When should the last opportunity for issuing an addendum be?

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

Why is it not recommended to receive bids in more than one location?

It can lead to confusion and potential errors Signup and view all the answers

When is it important to specify the bid closing time as 'before' the hour?

To avoid any confusion or misunderstandings Signup and view all the answers

Which of the following is NOT a responsibility that architects may need to provide bidders with information on?

Post-awards Signup and view all the answers

What is the purpose of a privilege clause in a bid package?

To justify awarding a contract to someone other than the lowest bidder Signup and view all the answers

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

The number of sets of bid documents required Signup and view all the answers

What is the purpose of a bid depository?

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

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 Signup and view all the answers

What is the consequence of a bidder withdrawing their bid during the period of irrevocability?

The bidder will forfeit the bid deposit or bond Signup and view all the answers

When can a bid be returned unopened or negotiated with the sole bidder?

If multiple bids are submitted Signup and view all the answers

What is the purpose of a bid deposit or bond?

To ensure the bidder's seriousness and commitment Signup and view all the answers

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 Signup and view all the answers

When can a bidder withdraw their bid without penalty?

If the bid-calling authority allows it Signup and view all the answers