CEP CEP Bid Preparation & Proposal Management 2

Question 1

What is a bid 'addendum' in the bidding process?

Accepted Answer

A formal written modification to bid documents issued before bid opening

Answer

An addendum is an official written change to bid documents issued by the owner prior to bid opening that all bidders must acknowledge in their submissions.

Question 2

Which type of specification requires the contractor to achieve a specific result without dictating the method?

Accepted Answer

Performance specification

Answer

Performance specifications define the required end result or measurable performance standard, leaving the means and methods of achievement to the contractor.

Question 3

What are 'bid alternates' in a construction proposal?

Accepted Answer

Optional scope items priced separately that the owner may accept or reject

Answer

Bid alternates are separately priced options the owner can add or deduct after seeing base bids to adjust project scope within budget.

Question 4

What is the purpose of a 'bid tabulation sheet'?

Accepted Answer

To compare all received bids side-by-side for transparent evaluation

Answer

A bid tabulation sheet organizes all submitted bids in a comparative format to facilitate consistent, transparent, and defensible bid evaluation.

Question 5

In competitive bidding, what is 'bid shopping'?

Accepted Answer

Disclosing one bidder's price to competitors to pressure them into undercutting it

Answer

Bid shopping is an unethical practice where a GC or owner reveals a submitted bid price to competitors to extract a lower price after bids are received.

(CEP) Certified Estimating Professional Practice Test

(CEP) Certified Estimating Professional Practice Test

CEP CEP Bid Preparation & Proposal Management 2