Design Doc's/ Bid Components

Question 1

Components of Design Document

Answer 1

Contract, Drawings, Specifications, & General Conditions

Question 2

Contract

Answer 2

Specifies services to be performed, the fee, & time schedule/ completion date

Question 3

Drawings

Answer 3

Graphically shows work to be performed

Question 4

Specifications

Answer 4

Description of work & bidding requirements

Question 5

General Conditions

Answer 5

Legal requirements & responsibilities of the the contractor, LA, & owner

Question 6

Components of Bid

Answer 6

Invitation to bid, instructions to bidders, & bid form

Question 7

Surety Bond

Answer 7

• Included in general conditions & inst. to bidders
• guarantees contractor will execute the contract & pay all the bills
• 4 Types: bid bond, performance bond, payment bond, labor & materials payment bond

Question 8

Bid Bond

Answer 8

Guarantees contractor will agree to contract if accepted; if contractor does not & withdraws bid, surety co. Forfeits bond (5-10% of bid)

Question 9

Performance Bond

Answer 9

Protects owner from poor/defective work usually the amount of full contract. If contractor does not complete work, surety co will either act as general contractor to finish job; locate another contractor to complete the job; or pay owner remaining amount (less the prorated amount for work completed)

Question 10

Payment Bond

Answer 10

Guarantees contractor will pay all bills per contract - protects owner from lawsuits after paying contractor for work

Question 11

Labor & Materials Payment Bond

Answer 11

Guarantees that the contractor will pay bills for labor and materials: protects laborers, suppliers, & sub’s