The instructions require performance and payment bonds after award. What must the apparent low bidder be able to furnish?
Correct Answer
C) Required post-award bonds from an acceptable surety.
Post-award bonding requirements are part of bidder responsibility and contract execution.
Why This Is the Correct Answer
Post-award bonding requirements are part of bidder responsibility and contract execution.
More NASCLA Questions
Bid instructions require bid security with each sealed bid. Which purpose should the estimator associate with that requirement?
Two addenda revise the drawings before bid day. What must a responsive bidder normally do with those addenda?
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A rooftop unit schedule lists capacity in tons of cooling. In HVAC estimating, one ton of cooling equals what heat-transfer rate?
The bid form asks for a base bid and three alternates. How should the contractor submit alternate pricing?
A specification includes a $40,000 hardware allowance because final selections are pending. How is the allowance treated in the bid?
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Before the first progress payment, the owner requests a schedule of values. What is its main contract-payment function?
A signed change order is issued for added lobby millwork. Which contract effect should it state?
On the finish plan, locate room R358; then use the finish schedule. What remarks is listed?
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