Contract Add Alternative Choice For Free

ALTERNATE BIDS. ALTERNATE BIDS. (Additional Information) Definitions. The amount stated in the bid to be added to or deducted from the amount of the base bid if the corresponding change in project scope or alternate materials and/or methods of construction is accepted.

Allowance - A sum of money defined in the documents, to be included in the bid to cover the cost of work not fully defined by the documents. Alternates - Amount to be added or deducted from the base bid if the corresponding change in project scope or alternate materials and/or method of construction is accepted.

For example, you can bid higher quality finishes as alternates. The base bid may have epoxy-painted walls in the restrooms and the bid alternate may have tile. If the base bid is under your budget, you can choose to upgrade to tile.

An alternate is a defined portion of the Work that is priced separately and thus provides an option for the Owner in determining the final scope of the Project. Alternates provide the Owner with a choice between different products or can define the addition or deletion of a portion of the Work.

Additive alternate bidding is a technique used by owner-agencies to achieve the maximum project scope within an available budget.

Add alternates are additional items of work that may be awarded as part of the contract if the bids come within the budget specified in the contract. Add alternates may include adding length or additional quantity to a project of similar type work or adding enhancements of different type work to a project.

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.