Contracts and Specifications

Question 1

The tender or proposal or quotation of a bidder to perform the work described in the Contract in form and substance complies with the Instruction to Bidders

Answer 1

Bid

Question 2

refers to the notice published by the Owner or the invitation issued to prospective bidders, giving information as to the nature of the proposed project, conditions for the issuance of Contract documents, date of bidding, and information that would give the Contractor a general idea of the extent of the project

Answer 2

Invitation to Bid

Question 3

refers to any acceptable form of bond accompanying the Bid submitted by the bidder as a guarantee that the bidder will enter into the Contract with the Owner for the construction of the work, if the Contract is awarded to him

Answer 3

Bid Bond

Question 4

a document containing additional information on Bid Documents issued to bidders before the date of bidding

Answer 4

Bid Bulletin

Question 5

a written order to the Contractor issued by the Owner after the execution of the Contract, authorizing a change or variation in the work or an adjustment in the Contract Price or Contract time

Answer 5

Change Order

Question 6

the term used to describe the Agreement and the Contract Documents

Answer 6

Contract

Question 7

are the documents attached to the Agreement including all additions, deletions, modifications incorporated therein.

Answer 7

Contract Documents

Question 8

Contract documents include:

Answer 8

Special Provisions or Conditions, General Conditions, Specifications, Drawings, Other Bid Documents

Question 9

is the amount in money or other consideration to be paid by the Owner to the Contractor for the execution of the work in accordance with the Contract

Answer 9

Contract Price

Question 10

the person or firm duly registered and licensed by the Philippine Contractors Accreditation Board whose proposal has been accepted and to whom was awarded the Contract to execute the Work

Answer 10

Contractor

Question 11

all expenditures properly incurred or to be incurred, whether on or off the site

Answer 11

Cost

Question 12

graphical presentations of the Work. They include all supplementary details and shop drawings

Answer 12

Drawings

Question 13

the person or entity or authorized representative thereof who signed the Contract as Owner

Answer 13

Owner

Question 14

refers to the person or entity commissioned by the Owner or authorized in writing by the Owner to act on his behalf

Answer 14

Owner’s Representative

Question 15

the approved form of security furnished by the Contractor and his Surety as a guarantee of good faith on the part of the Contractor to execute the Work in accordance with the Contract.

Answer 15

Performance Bond

Question 16

are written or printed description of the work to be done describing qualities of the material to be used, the equipment to be installed and the mode of construction

Answer 16

Specifications

Question 17

a contractor duly registered and licensed by the Philippine Contractors Accreditation Board having a direct contract with the Contractor and who acts for or in behalf of the Contractor in executing any part of the Contract.

Answer 17

Sub-contractor

Question 18

refers to all the Contractor-provided labor or materials or both, as well as equipment transportation or other facilities necessary to commence and complete the construction and to fulfill all his obligations which are called for in the Contract

Answer 18

Work

Question 19

Types of Contracts

Answer 19

Lump Sum Contract, Unit Price Contract, Labor Contract, Materials Supply Contract