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Questions and Answers
Which type of tender call is frequently used when the project involves public funds?
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?
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?
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 would a client typically use direct selection for a construction project?
Which term refers to a change to the bid package issued during the bid period and before execution of the contract?
Which term refers to a change to the bid package issued during the bid period and before execution of the contract?
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?
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?
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?
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?
What is a financial security for the performance of an obligation, usually a written document supported by a pledge of collateral?
What is a financial security for the performance of an obligation, usually a written document supported by a pledge of collateral?
Which bond guarantees that if the bid is accepted, the contractor will enter into a formal contract with the owner?
Which bond guarantees that if the bid is accepted, the contractor will enter into a formal contract with the owner?
Which bond indemnifies the owner up to the amount of the bond in the event of default on the part of the contractor?
Which bond indemnifies the owner up to the amount of the bond in the event of default on the part of the contractor?
Which bond guarantees that claimants will be paid for labor and materials provided to the contractor for use on the project?
Which bond guarantees that claimants will be paid for labor and materials provided to the contractor for use on the project?
What is the recommended document for performance bonds?
What is the recommended document for performance bonds?
Which of the following is NOT a characteristic of the design-bid-build method of procurement?
Which of the following is NOT a characteristic of the design-bid-build method of procurement?
According to the text, what is the purpose of a surety in construction contracts?
According to the text, what is the purpose of a surety in construction contracts?
What is the purpose of a warranty in construction contracts?
What is the purpose of a warranty in construction contracts?
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?
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?
Which of the following is NOT a purpose of addenda in the bid documents?
Which of the following is NOT a purpose of addenda in the bid documents?
When should the last opportunity for issuing an addendum be?
When should the last opportunity for issuing an addendum be?
Why is it not recommended to receive bids in more than one location?
Why is it not recommended to receive bids in more than one location?
When is it important to specify the bid closing time as 'before' the hour?
When is it important to specify the bid closing time as 'before' the hour?
Which of the following is NOT a responsibility that architects may need to provide bidders with information on?
Which of the following is NOT a responsibility that architects may need to provide bidders with information on?
What is the purpose of a privilege clause in a bid package?
What is the purpose of a privilege clause in a bid package?
What should architects consider when determining how to distribute bid documents?
What should architects consider when determining how to distribute bid documents?
What is the purpose of a bid depository?
What is the purpose of a bid depository?
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?
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?
What is the consequence of a bidder withdrawing their bid during the period of irrevocability?
What is the consequence of a bidder withdrawing their bid during the period of irrevocability?
When can a bid be returned unopened or negotiated with the sole bidder?
When can a bid be returned unopened or negotiated with the sole bidder?
What is the purpose of a bid deposit or bond?
What is the purpose of a bid deposit or bond?
What should be done if a bidder notifies the architect or the client of a mistake in their bid after the bid closing?
What should be done if a bidder notifies the architect or the client of a mistake in their bid after the bid closing?
When can a bidder withdraw their bid without penalty?
When can a bidder withdraw their bid without penalty?
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