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CM Ch.3

How to Get Work

QuestionAnswer
Why is open bidding required on public projects? Because public funds are sponsoring the project (taxpayer dollars)
Tool used to reduce the number of bidders on a public project and increase the quality of the contractor pool? Prequalification: an owner, based on minimum financial, management, and other qualitative data, determines whether a construction firm is fundamentally qualified to compete for a project
Purpose of a labor and materials payment bond? A guarantee backed by a surety that a payment for labor and materials will be made
The document that informs the public of upcoming public construction projects? Advertisement for Bids: typically posted electronically
3 selection methods used to buy construction services and their solicitation instrument? Low-Bid Selection: used for design bid build; uses IFB invitation for bids BVS Best Value Selection: uses RFP requests for bids QBS Qualifications based selection: uses RFQ request for qualifications
Which procurement method is the most commonly used today and what selection criteria is used to determine the winner? Design Bid Build; low price
Name of the official document the owner uses to notify the contractor to start construction? Notice to Proceed
2 primary selection criteria categories considered when using the best‐value method? Price (quantitative) & Qualification (quantitative; management /past performance)
How does the weighted criteria evaluation process work? Form of best value selection; point values are given to companies based on price and qualitative information
3 factors that are commonly considered before deciding to bid on a construction job? Location of a project, Size of job, Who architect/owner is, Technical Complexity
Created by: taylorstudies
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