Ballast chapter 51 - Bidding Procedures and Documents
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2 different ways to get bidders
what is an addenda and when is it issued. who issues it?
its a written of graphis document issued by the arch prior to the execution of the contract. it modifies the bidding documents.
the bidding documents are in put into
the project manual. they are not part of the contract documents
the invitation or advertisment to bid is included in the project manual
can substitutions be considered after the contract award
(substitutions for any specifications
how many days prior to the bid opening must addenda be made
what is the amount of bid security
about 5 percent of the estimated cost of construction or bid price
describe a performance bond
a statement from a surety company that obligates the surety company to complete construction on a project if thw contractor defaults on his obligations
it ensures completion of the project/contract
who usually pays for a performance bond?
performance bond is a statement froma surety company obligating them to complete a project if the contractor defaults
describe a material and labor bond
it protects the owner from having liens against the property or litigations from subcontractors or material suppliers if the contractor defaults on the contract
its usually required along with a performance bond
what are alternates. describe types of alternates.
they are variations in the base bid. they may be a change in material or level of quality of work.
- two types of alternates are
- add-alternates if they add to the base bid
- deduct-alternates if they reduce the bid amount
describe unit prices and when they are used
set costs for certain portions of work based on individual quantities.
unit prices are listed on the bid form
true. they provide a basis for determining changes to the contract.
describe an allowance
set amount of money estimated by the architect to cover a particular material or piece of equipment that cant be determined at the time of the bid.
all bidders ues the same amount
it is stated in the specifications in
what doesnt an alowance include
- cost to the contractor for
- unloading, handeling and installing the item
- contractors overhead and profit
what happens if an allowance is more or less than the original estimate
the contract sum is adjusted accordingly by change order
What would you like to do?
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