Bid Preparation & Submission Flashcards
7 cards from real CPE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Bid Preparation & Submission flashcards as text
What is the purpose of subcontractor prequalification before the bid phase?
Answer: To verify subcontractors have sufficient capacity, experience, and financial stability
Prequalification ensures that only capable, financially sound subcontractors are invited to bid, reducing performance risk.
A project's bid documents require bidders to list all subcontractors over $50,000. This requirement is intended to:
Answer: Prevent bid shopping by locking in named subs at bid time
Listing subcontractors at bid time is a common public-sector mechanism to prevent post-bid shopping and substitution.
What is the role of general conditions in a construction estimate?
Answer: Project-specific indirect costs such as supervision, temporary facilities, and insurance
General conditions cover project-specific indirect costs that support the work but are not tied to a specific trade scope.
How should an estimator handle a subcontractor quote received after the bid deadline?
Answer: Reject it to maintain bid integrity and fairness to other subs who met the deadline
Late bids should be rejected to maintain fair competition and protect against bid shopping accusations.
When calculating a bid for a cost-plus-fee contract, the estimator's primary focus shifts to:
Answer: Establishing a realistic project cost budget and defining the fee structure
Cost-plus bidding requires a credible cost budget and transparent fee definition rather than competitive lump sum pricing.
Which best describes a 'qualified bid' in construction?
Answer: A bid that takes exception to or modifies the terms of the bid documents
A qualified bid contains conditions, exceptions, or modifications to the standard bid requirements and may be deemed non-responsive.
What is the significance of acknowledging all addenda on a bid submission?
Answer: It confirms the bidder has received and incorporated all changes into the bid price
Acknowledging addenda confirms the bid price reflects all issued changes and protects both parties from scope disputes.