Contracts

Question 1

What is a Two-Stage Bid Closing?

Answer 1

Where extensive bid form suppliants are required = bid form be submitted at the time of initial bid closing and supplementary info be submitted at a later time. this results in more accurate and comprehensive bids and allows bidders more time to create bids

Question 2

Reverse auctions should not be used to procure construction services. T or F?

Answer 2

TRUE

Question 3

only compliant bids can be considered for award and non-compliant bids must be rejected. T of F?

Answer 3

TRUE

Question 4

Two types of Bid Solicitation

Answer 4

1. Open (Public) Bid Call
   2.Invitational Bid Call
   (Min 3 ppl Max 6 ppl could have a pre qualification process prior)

Question 5

Explain “Privilege Clause”

Answer 5

owner does not have to accept lowest bid. Owner can re-bid the modified Bid Documents. Should try negotiating with the lowest bidder first, as lowest 3 bidder to rebid or re issue the VERY modified Bid Documents to Everyone.