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10-133 DOCUMENT 004116.03 - BID FORM - CONTRACT NO. 3 - HVAC 1.1 BID INFORMATION A. Bidder: . B. Prime Contract: Contract No. 3 - HVAC Construction. C. Project Name: State Street Elementary School.

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How to fill out the Section 004116 - BID FORM - STIPULATED SUM (MULTIPLE ...) online

This guide aims to provide clear and supportive instructions for completing the Section 004116 - BID FORM - STIPULATED SUM (MULTIPLE ... online. By following these steps, users will be able to accurately fill out the form to participate in the bidding process for construction projects.

Follow the steps to fill out the bid form correctly

  1. Click ‘Get Form’ button to obtain the form and open it in your preferred online editor.
  2. Begin filling out the bid information in the designated fields. Start with the bidder's name, followed by the contract number, project name, location, owner, owner project number, architect, and architect project number.
  3. In the certifications and base bid section, confirm your understanding of the procurement and contracting documents. Fill in the stipulated sum amount for the bid in both written form and numerical form.
  4. Indicate any modifications to your bid amount on the attached bid supplement forms as necessary. Ensure you carefully read the requirements regarding bid security and complete the corresponding amount and payment method.
  5. In the time of completion section, specify your proposed start date and expected completion date, as well as any liquidated damages applicable for delays.
  6. Acknowledge receipt of any addenda that may have been beneficial for your bid preparation. List each addendum and its corresponding date.
  7. Attach all relevant bid supplements and ensure that you have included all required documentation, including the bid bond form and non-collusion affidavit.
  8. Complete the contractor's licensing information, confirming you are duly licensed for the work proposed and have fulfilled any required payments.
  9. Finally, sign and date the submission in the designated areas, providing your title and contact information as required. Ensure that all signatures of authorized representatives are included, along with any witness signatures.
  10. Once completed, review your form for accuracy, then save any changes made. You will have the option to download, print, or share the completed bid form as necessary.

Begin the bidding process by completing your documents online today.

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Bid rigging occurs when a group of bidders unlawfully band together to devise strategies to reduce competition in a bidding process and determine the bid winner. Common types include cover bidding, bid rotation, bid suppression and non-conforming bid.

A stipulated sum contract requires that the contractor agree to be responsible for the proper job execution at a set price. The owner has essentially assigned the risk of project costs to the contractor, who can be expected to ask for a higher markup to anticipate unforeseen problems.

There are two types of bidding in procurement: open or competitive bidding, and closed (“sealed”) or noncompetitive bidding. Competitive bidding takes place usually through the RFx process, which is detailed below. In contrast, some companies will also use noncompetitive bidding.

Word forms: 3rd person singular present tense bids , present participle bidding , past tense bade , past participle bidden language note: American English sometimes uses the form bid for the past tense.

What does a Bid Form do? Project owners and contractors can use Bid Forms to outline all the terms and conditions of a bid on a construction project. Project owners can create blank Bid Forms for all applicants to fill out, or contractors can create their own when placing a bid.

Bid forms can be used in two ways: In the case of a contractor who would like to respond to a bid invitation with a bid on a project.

There are three parties to a bid bond: the principal, the obligee, and the surety. The principal is the contractor purchasing the bond, while the obligee is the project owner or GC protected by the bond. The surety company is the company providing the bid bond.

Addenda are issued before the opening for bids. Addenda are Contract Documents. The Project Manager shall approve all addenda items before issuing.

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