Construction Test 1 - Lecture 3 Flashcards
(33 cards)
How is the need for a construction project established?
It is recognized by the owner or users based on personal preference, profit, quality improvement, or market demand.
What analysis helps determine if the project need is justified?
Feasibility analysis, which includes cost evaluation, financial feasibility, market analysis, and local conditions.
What are conceptual drawings used for?
They are early-stage sketches and cost estimates presented to potential funding sources.
What are common cost estimation methods?
Cost per unit, cost per square foot, cost per cubic foot, and using industry/historical data.
What are the two stages of the design process?
Preliminary design (40% complete) and Detailed design (fully developed drawings and specifications).
What is the purpose of the preliminary design phase?
To allow the owner to review financial feasibility and refine project requirements
What accuracy should the detailed estimate achieve?
±3% accuracy.
What is construction bidding?
The process of submitting a proposal to undertake a construction project.
Why is bidding important?
It introduces competition, reducing costs and selecting the most qualified contractor.
What are the two main types of bidding?
Competitive bid and negotiated bid.
Is cost the only factor in selecting a bid?
No, experience, capability, and realistic pricing are also considered.
What types of projects typically use the lowest bid as the basis for award?
Public infrastructure projects like bridges.
What are the main steps in the bidding process?
Bid Request (Notice to Bidders)
Prequalification
Bid Package Preparation
Bid Submission
Bid Opening & Evaluation
Award of Contract
What is the purpose of a bid request?
To announce project opportunities and provide necessary details for prospective bidders.
How is a bid request advertised?
Through newspapers, trade journals, mailing lists, trade association bulletins, and online databases.
Why is prequalification required?
To ensure the bidder has the technical competence, financial resources, and safety record to complete the project.
What is the typical bonding capacity required?
10 times the liquid assets or net worth.
What documents are included in a bid package?
Proposal form
General conditions
Special conditions
Drawings
Specifications
Addenda
What is a proposal form?
A document submitted by the contractor showing intent to perform the work according to specifications and budget.
What are the two types of bid proposals?
Lump-sum and unit-price proposals.
What are general conditions in a contract?
Standard procedures applicable to all construction contracts, including contract administration and responsibilities.
What are supplementary (special) conditions?
Project-specific conditions, such as duration, payment terms, and liquidated damages.
What are technical specifications?
Verbal descriptions of project requirements, including materials, quality, and methods.
What is an addendum?
A document detailing changes, additions, or corrections made before the bid submission deadline.
