Contracts and Specifications Flashcards
1
Q
This is a written undertaking regarding agreements that are enforceable by law
A
Contracts
2
Q
What are the 4 parts of Bidding and Contract Awards
A
- Bid Process
- Bid Analysis
- Award Process
- Insurance & Bonding
3
Q
Inclusions of Bid Process
A
Bid package
Invitation to bid
Instruction to bidders
4
Q
Inclusions of Bid Analysis
A
Bid Form
Bid Leveling
5
Q
Construction Contracts:
10 Contract Elements
A
Offer and Agreement
Intention to create legal relationship
Lawful considerations
Capacity of parties
free consent
legality of the subject
certainty
possibility of performance
void agreements
writing registration and legal formalities
