PC Bidding and Estimating 3

Question 1

A bid depository system is primarily used to:

Accepted Answer

Coordinate subcontractor bids to prevent bid shopping

Answer

A bid depository system collects and holds subcontractor bids until a set time to prevent bid shopping and promote fair competition.

Question 2

When estimating conduit installations, which measurement unit is most commonly used for material takeoff?

Accepted Answer

Linear feet

Answer

Conduit is measured in linear feet during takeoff, as it is a linear product installed along defined pathways.

Question 3

A contractor wins a bid but discovers a significant math error after contract signing. Under most public bidding laws, the contractor:

Accepted Answer

Must perform the work at the bid price or forfeit the bid bond

Answer

Under most public bidding laws, a contractor is bound to the submitted bid price; failure to perform results in forfeiture of the bid bond.

Question 4

What is the standard industry unit for pricing electrical panel installation labor?

Accepted Answer

Per circuit breaker or per panel unit

Answer

Electrical panel labor is typically priced per panel unit or per circuit breaker installed, reflecting the actual work content.

Question 5

Which document obligates a contractor to enter into a contract and provide performance and payment bonds if awarded the project?

Accepted Answer

Bid bond

Answer

A bid bond guarantees that the bidder will enter into the contract and furnish required bonds if their bid is accepted.

(PC) Professional Electrical Contractor Practice Test