Chapter 3

Question 1

Finding the Work

Answer 1

Marketing
Networking
Publications (public work)
Builder’s Exchange

Question 2

Public Projects

Answer 2

Open Bid
Advertised publicly
Cannot restrict number of bidders
Protected by Bonds and Pre-qualifications

Question 3

Private Projects

Answer 3

Closed Bid
Invite only
Limits amount of contractors

Question 4

Public - Private Partnerships (PPP or P3)

Answer 4

Hybrid between public agency and private sector.

Two parties share in resources, risks and rewards

Question 5

Advertisement for Bids

Answer 5

Newspapers, Trade Magazines, Journals

Question 6

Low Bid Selection

Answer 6

Contractor with lowest responsive (meets the criteria) bid will be awarded the job

Question 7

Best Value Selection

Answer 7

Request For Qualifications -> Request For Proposals

Question 8

Weighted Criteria Matrix

Answer 8

Weighted table comparing companies

Question 9

Qualifications Based Selection

Answer 9

Based only on qualifications not price.

Question 10

Brooks Act

Answer 10

Requires that qualifications based selection be used to purchase architecture and engineering services