Bonds, Insurance and Bid Documents
What is the primary purpose of a Surety Bond?
To guarantee that a contractor will fulfill contractual obligations
Which of the following is NOT a typical stage in the tendering process?
Contractor performance evaluation
How are Ontario Provincial Standards for Roads & Public Works categorized?
By three main categories: Common, Provincial, and Municipal
What makes the below-grade portion of work unpredictable?
Unknown exact conditions of the soil and environment
What is the productivity rate used to measure in construction?
Work hours per unit of work
How does Surety differ from Insurance?
Insurance protects the contractor from loss, while Surety guarantees performance
What is the primary purpose of a Request for Qualifications (RFQ)?
To shortlist qualified contractors before issuing a Request for Proposal (RFP)
Which Ontario Provincial Standard Specifications (OPSS) section covers design and submission requirements?
General and Construction Specifications
What is a common assumption when estimating excavation costs?
Soil types, productivity rates, and weather conditions
Which factor can significantly impact labour productivity?
Weather conditions, Availability of workers and Site working conditions
What is the primary function of a Bid Bond?
To ensure a contractor will accept the contract if awarded
In a two-stage tendering process, what happens in the first stage?
Bidders provide technical qualifications and experience
What document is included in all government contracts?
OPSS.PROV 100 and OPSS.MUNI 100
In urban areas, excavation is usually characterized by:
More cut than fill
What is a common reason for lower productivity in construction workers?
Long lunch breaks and socializing, Poor management of materials, Insufficient tools and equipment
What is a Labour and Material Payment Bond used for?
To guarantee payment to suppliers and subcontractors
Which document formally invites contractors to submit bids?
Request for Proposals (RFP)
According to OPSS standards, when does a specification become part of the contract?
Only if it is referenced in the tender
What factor significantly increases excavation costs?
Presence of rock or water
What is the main disadvantage of hiring unskilled laborers?
More training required and reduced productivity
Which document outlines insurance requirements for construction projects?
CCDC-2 Stipulated Price Contract
What does a Performance Bond ensure?
The contractor will complete the project as per contract terms
What qualifies an item as a "Major Item" in a contract?
If it has a value greater than $200,000 or 5% of the tender value
What is the usual unit of measure for grading work?
m²
How is the total hourly wage rate for a construction crew calculated?
By dividing total crew cost by the number of workers