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NASCLAProcurement and Contracting Requirementsmedium

The procurement requirements call for escrowed bid documents after award. What is the main purpose of keeping those estimate records?

Correct Answer

B) To support later review of bid assumptions if disputes or changes arise

Escrowed bid documents preserve the estimate assumptions and backup for later review in disputes or change evaluation. Other choices misuse estimate records or override the contract documents.

Answer Options
A
Treat escrowed bid documents as replacing the contract drawings
B
To support later review of bid assumptions if disputes or changes arise
C
Use escrowed bid documents to waive all change-order requirements
D
Use escrowed bid documents to hide subcontractor exclusions from the owner

Why This Is the Correct Answer

Escrowed bid documents preserve the estimate assumptions and backup for later review in disputes or change evaluation. Other choices misuse estimate records or override the contract documents.

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