Question

2. The purpose of the "Advertisement for Bids" is to a. Inform prospective bidders b. Supplement the Bid Form c. Determine contract responsibilities d. Obtain adequate competition e. a&d 3. Which of the following IS NOT a way a third party may acquire rights under a contract a Assignment b. Succession in office c. Receivership d. Inheritance e Arbitrary allocation 4. Which of the following is NOT a key element of the "Bid Form" a. The prices for which the Contractor offers to do the work b. Time of completion for the work c. The type and amount of the bid surety d. An acknowledgement of the project Addenda e. None of the above 5. The U.S. statute that requires mechanics and laborers be paid prevailing wages is called a The Eight-Hour Law of 1912 b. The Miller Act of August 25, 1935 c. The Federal-Aid Highway Act of June 29, 1956 d. The Walsh-Healey Public Contracts Act of June 30, 1936 e. The Davis-Bacon Act of March 3, 1931 6. A bilateral contract is a contract in which a. Both parties make promises of performance b. Two sides argue about the contents of the contract c. One party is no longer involved d. Two parties made independent promises to a third party e. Two signature lines are included at the end of the contract 7. When two or more parties each make independent promises in the same contract the contract is said to be a. Many b. Unenforceable c. Several d Confused e. Joint - 10.POWELL D-1.pdf ^ 9. POWELL S-1.pdf A &.POWELL A-7.pdf

I am in my Construction Management and trying to figure out some questions. Pretty much all of them.

Answer 1

2) (e) a and d

Advertisement for bids is given primarily to let people know that a particular thing is up for bidding. So, if they are interested they can take part in it. Its targeted to the audience that will be interested in the bidding process. This helps obtain adequate competition for the bidding, which will help increase the potential earning for the advertiser. This the correct option is e.