CDT Bidding & Procurement

Question 1

Which document formally invites contractors to submit bids for a construction project?

Accepted Answer

Invitation to Bid

Answer

Notice to Proceed

Answer

Request for Proposal

Answer

Letter of Intent

Question 2

A bid bond protects the project owner by ensuring the bidder will:

Accepted Answer

Enter into contract if awarded the bid

Answer

Complete the project on time

Answer

Provide a performance guarantee

Answer

Pay subcontractors promptly

Question 3

In competitive bidding, an addendum issued during the bid period must be acknowledged by bidders because:

Accepted Answer

It modifies the bidding documents and affects all bids equally

Answer

It replaces the original contract documents entirely

Answer

It only applies to the lowest bidder

Answer

It extends the project schedule automatically

Question 4

The term 'public bidding' refers to a procurement process that:

Accepted Answer

Requires bids to be advertised and open to all qualified contractors

Answer

Allows only pre-qualified contractors to bid

Answer

Is limited to projects under a specified dollar threshold

Answer

Restricts participation to local contractors only

Question 5

Which procurement method involves negotiating a contract with a single contractor without competitive bidding?

Accepted Answer

Sole source procurement

Answer

Lump sum bidding

Answer

Unit price bidding

Answer

Best value selection

Question 6

A pre-bid conference is held primarily to:

Accepted Answer

Allow bidders to clarify questions about the project documents

Answer

Select the winning bidder before bids are submitted

Answer

Negotiate the contract price in advance

Answer

Finalize the project schedule with all bidders

Question 7

When bid prices are significantly lower than the architect's estimate, the owner should:

Accepted Answer

Investigate the bid for potential errors or omissions before award

Answer

Accept the low bid immediately to save money

Answer

Reject all bids and re-bid the project

Answer

Increase the project scope to justify the award