Deliver that Ish
This project delivery method requires the design to be substantially complete before contractors competitively bid the work.
Design-Bid-Build
This is the contractor’s decision whether to pursue a project.
Go/No-Go Decision
This bond guarantees a bidder will honor its bid.
Bid Bond
This document tells bidders how to prepare and submit a bid.
Instructions to Bidders
RFI
Request for Information
This project delivery method uses a single entity responsible for both designing and constructing the project.
What is Design-Build?
This form of detailed estimating produces a price based on estimated quantities and specified unit rates for those quantities.
Unit Price Estimate
This bond protects against unpaid suppliers and subcontractors.
Payment Bond
Written technical requirements included as part of the bid package or contract. This may include material type.
Specifications
A/E
Architech and Engineer
This project delivery method typically uses a Guaranteed Maximum Price.
CMAR
Money included in an estimate to address uncertainty.
Contingency
This term describes the maximum amount of work a contractor can be supported for by a surety.
Bonding Capacity
This formal question is submitted when bid documents are unclear.
RFI
GMP
Guaranteed Maximum Price
This collaborative delivery model shares risks and incentives among parties.
Integrated Project Delivery
The process of extracting quantities from drawings.
Quantity Takeoff
This bond guarantees the contractor will perform the work in accordance with the contract
What is a Performance Bond
This term describes a bidder whose proposal complies with all bidding requirements.
Responsive Bid
CMAR
Construction Manager At Risk
In this contract structure the owner holds contracts with multiple prime contractors.
Separate Contracts
The amount added to cover overhead and profit.
What is Markup?
What are the parties engaged involved in a bond?
Who are Principal, Surety and Contractor?
This document revises bidding requirements after the original bid package is issued.
Addendum
WBS
Work Breakdown Structure