How we get the work

Question 1

advertisement for bids

Answer 1

Public notice, providing information regarding bidding for public jobs

Question 2

best value

Answer 2

Selection process where proposals contain price and qualitative components. Evaluation matrix used.

Question 3

closed bid

Answer 3

Private project and not open to the public. Bid by invitation only. ( invitation for bid)

Question 4

invitation for bid

Answer 4

Notification sent to selected contractors, with information on the submission of bids on a private project.

Question 5

open bid

Answer 5

Competitive bidding for all public projects. Advertised publicly. allows any qualified contractor to submit a bid

Question 6

prequalification

Answer 6

Process in which an owner, upon minimum financial, management, and other qualitative data, determines if contractor qualified to compete for the project

Question 7

price proposal

Answer 7

A design-build proposal that stipulates the price the design-builder will provide the design and construction to complete project.

Question 8

public-private partnership

Answer 8

Business venture approach, public sector authority and private enterprise join and combine resources to deliver government projects.

Question 9

request for proposals

Answer 9

RFP: Document by the owner, requesting pricing and a technical solution for design and or constriction services.

Question 10

request for qualifications

Answer 10

RFQ: Document by the owner, prior to an RFP to solicit qualifications. It can be used to shortlist proposers, or as final competitive submittal.

Question 11

responsive bid (or proposal)

Answer 11

A bid or proposal package that meets all of the requirements of the solicitation instrument.

Question 12

shortlisting

Answer 12

Narrowing the field of offers through the selection of the most qualified proposers on the basis of qualification.

Question 13

technical proposal

Answer 13

Desgin-build proposal that contains, conceptual design for the projects. May include scheduling, team makeup, overall management plan.

Question 14

weighted criteria

Answer 14

An evaluation method used in best-value selection, maximum point values are assessed for qualitative and price components. highest total points win.

Question 15

Purpose of labour and material payment bond

Answer 15

A guarantee back by a surety, that payment for the contractor’s labour and materials used on the project will be made.

Question 16

three selection methods and the solicitation instrument used for each

Answer 16

• low-bid: invitation for bid
• best-value: request for proposals
• qualification-based: request for qualifications

Question 17

name three factors that are considered before deciding to bid

Answer 17

Owner
Architect
Location
Present workload
Technical aspects of the job
High-profile project
type of project
size of project