Bid Preparation & Submission Flashcards
7 cards from real CEC practice questions. Tap to flip, then mark Knew It or Still Learning โ missed cards come back until you master them.
Read the first 7 Bid Preparation & Submission flashcards as text
What is the significance of the 'bid opening' in public construction projects?
Answer: Bids are opened and read aloud publicly to ensure transparency
Public bid openings are required for transparency and accountability, with bids read aloud and recorded for all attendees.
Which situation would most likely allow a bidder to withdraw a bid after submission without penalty?
Answer: A clerical or mathematical error was made and discovered before award
Most jurisdictions allow bid withdrawal before award if a bidder can prove a bona fide clerical or mechanical error that makes enforcement unconscionable.
What does 'bid validity period' mean?
Answer: The duration for which the bidder must honor their submitted price
Bid validity is the period (commonly 30, 60, or 90 days) during which the contractor is bound by their submitted price.
A pre-bid conference is primarily held to:
Answer: Allow bidders to ask questions and receive clarifications on the bid documents
Pre-bid conferences give bidders the opportunity to tour the site and ask questions, with answers typically issued as addenda to all bidders.
When computing overhead in a bid, which cost is typically classified as general and administrative (G&A) overhead?
Answer: Home office rent and administrative staff salaries
G&A overhead includes home office costs like rent, utilities, accounting, and executive salaries not directly attributable to one project.
Which of the following is an example of a bid alternate?
Answer: An add or deduct scope item the owner may accept or reject independent of the base bid
Bid alternates allow owners to adjust project scope up or down based on budget without requiring re-bidding; they are priced separately from the base bid.
What is the purpose of including a 'certificate of insurance' with a bid submission?
Answer: To verify the contractor carries required insurance coverage types and limits
A certificate of insurance demonstrates that the contractor has the required liability, workers' compensation, and other coverages specified in the bid documents.