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FAQ

  • What is an add alternate?
    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.
  • What is a deduct alternate?
    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.
  • What is an alternate in construction?
    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.
  • What is base bid?
    base bid. The amount of money stated in the bid as the sum for which the bidder offers to perform the work, 1 not including that work for which alternate bids are also submitted.
  • What does alternate bid mean?
    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.
  • What is add alternate bid?
    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.
  • What is an alternative tender?
    What is an Alternative Bid? In simple terms, it means offering something different to what is being asked for in the invitation to tender (ITT). For example, if the ITT specifies using a particular brand of product, an alternative bid could be to offer an alternative brand.
  • What is a base bid in construction?
    base bid. The amount of money stated in the bid as the sum for which the bidder offers to perform the work, 1 not including that work for which alternate bids are also submitted. McGraw-Hill Dictionary of Architecture and Construction.
  • How does construction bidding work?
    Construction bidding is the process of submitting a proposal (tender) to undertake, or manage the undertaking of a construction project. The process starts with a cost estimate from blueprints and material take offs. ... Bids are not only chosen on cost alone.
  • What does bid letting mean?
    The Bid Letting Unit is responsible for construction project advertisements, assisting with electronic bidding, fulfilling requests for eligibility to bid, providing the bidders list, bid results and bid tabulations available to the public on the MDOT Bid Letting Information website and on the Bid Express secured ...
  • What is a bid alternate?
    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. Additive.
  • What are alternates in construction?
    Alternates are a means for the Owner to defer certain decisions on the scope of the Project until after pricing is obtained from prospective contractors, and to ensure the Project can be constructed with the funds available.
  • What law governs a contract?
    Contracts are usually governed and enforced by the laws in the state where the agreement was made. ... Contracts for the sale of goods are controlled by the Uniform Commercial Code (UCC), a standardized collection of guidelines that govern the law of commercial transactions.
  • What is the governing law of a contract?
    A "choice of law" or "governing law" provision in a contract allows the parties to agree that a particular state's laws will be used to interpret the agreement, even if they live in (or the agreement is signed in) a different state.
  • How do we determine the governing law of the contract?
    The law selected by the parties to govern the contract is used to interpret the contract and determine the rights and obligations of the parties flowing from it.
  • Can an agreement be governed by two laws?
    It is therefore sensible to state in a contract which set of laws will govern it. ... A governing law clause does this by setting out expressly the parties' choice of the law that will apply. Jurisdiction clauses. It is inevitable that contracts will produce disputes from time to time.
  • What legal entity regulates contracts?
    A contract is an agreement between two or more parties creating reciprocal obligations enforceable at law. The elements of a contract are mutual consent, offer and acceptance, consideration, and legal purpose.
  • What is the proper law of a contract?
    The situations where the parties to a contract have expressly stipulated that a particular law is to govern the contract that law is considered to be the proper law of the contract.
  • What state law governs a contract?
    Contracts are usually governed and enforced by the laws in the state where the agreement was made. Depending upon the subject matter of the agreement (i.e. sale of goods, property lease), a contract may be governed by one of two types of state law: The Common Law.
  • Is international law proper law?
    International law can take on many forms, and some are binding on all states, where others are only binding on those specific states that consent to it, and some aren't binding at all. ... Each country also has its own rules on the binding nature of international law at domestic level.