Construction Project Cycle and Bidding Process Flashcards
Represents the work to be accomplished, i.e., the quantity and quality of work
Scope
Refers to the logical sequencing and timing of the work to be performed
Schedule
Refers to costs, measured in pesos and/or labor-hours of work
Budget
Stages of a Construction Project
Preconstruction Phase, Procurement Phase, Construction Phase, Closeout Phase
A set of documents defining project scope and details and on which a contractor must base his decision to bid or not to bid
Bid Package
When filled and submitted by a contractor, it illustrates his/her intent and commitment to perform the work as per the specifications and drawings in the desired time and budget filled out; not a formal contract.
Proposal Form
Certain specifications regulating how a contract is to be administered and the relationship between involved parties. It defines each contracting party’s duties and rights, and the rules by which they are to meet obligations and perform the work they agreed upon.
General Conditions
Supplementary conditions that covers aspects of the contractual relation that are peculiar to a specific project: duration of the project, owner’s procured materials and specified payment days.
Special Conditions
Are verbal descriptions of the technical requirements and aspects of the work to be performed
Specifications
A document illustrating any changes, additions, omissions, corrections and contract conditions that arise before bidding is finalized
Addendum
A document announcing to prospective bidder that design documents are available for consideration and that the owner is ready to receive bids
Notice to Bidders/Tender Notice
A contractor must base his decision to bid on:
Site inspection, analysis of contract documents, Quantity takeoff
The calculation of the contractor’s costs including materials, labor and equipment
Estimate
Bid value includes:
direct cost, indirect cost, mark-up
Costs of materials, labor and equipment
Direct Cost
