Chapter 14: Bidding and Negotiations of Contracts

 Bidding and Negotiations of Contracts

Bid Contract:
-Drawings and Specifications Completed by interior designer then sent to several contractors who bid on the work.
-Rules and Guidelines for bidding are stated in the Americam Institute of Architects (AIA Document A701)
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Contractors Prequalification-
-Preselcted Contractors by the owner.

2 Ways of notifying contractors of Prospective bid
-1.) Advertising in newspapers or Trade Journals.
-2.) Invitation to Bid.
NOTE- Advertising for bids is usually mandatory for public work.

Substitutions
-Contractors are required to submit requests for substitution for approval 10 days before bidding opens.

Addenda-
-Issued by the interior designer to contractors stating additions, deletions, clarifications, or corrections to bidding set.
Addenda is issued and sent to bidders no later then 4 days of receiving bids.

Prebid Conference-
-Meeting with Architect, Interior Designer, Owner etc...
To answer all questions.

Bid Opening
-Opening all of the completed bids.
Bidding Documents
-Advertisement or Invitation to Bid
-Instructions
NOTE: Government projects require bids to be open publicly.

Performance Bond:
3% - Insures Completition of Project.

Labor and Material Bond
-Required along with performance bond to protect the owner against both types of problems.