CEP Bid Preparation & Proposal Management Flashcards

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

Answer: A formal written modification to bid documents issued before bid opening

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.

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

Answer: Performance specification

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

What are 'bid alternates' in a construction proposal?

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

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

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

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

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

In competitive bidding, what is 'bid shopping'?

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

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.

What does contractor 'prequalification' involve in the bidding process?

Answer: Evaluating contractors' financial capacity, experience, and technical capability before allowing them to bid

Prequalification screens contractors on financial strength, bonding capacity, past performance, and technical capability before they are permitted to submit bids.