To make a net estimate to a complete estimate, contractor's mark-up needs to be added
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To make a net estimate to a complete estimate, contractor's mark-up needs to be added

Question 16

To make a net estimate to a complete estimate, contractor's mark-up needs to be added. Identify from below list, which does not belong to mark-up?

O A. Profit

O B. Materials on site

O C. Contingencies

O D. Overheads

Question 17

Some of the arrangements related to tendering are listed below:

(i) Short list the tenderers based on an evaluation criterion related to work performance and financial performance

(ii) Advertise in local newspapers inviting tenderers to apply for tender documents

(iii) Expression of Interest to tender through public advertisement

(iv) Invite pre-qualified tenderers to submit tenders

Which of above arrangements (i-iv) are related to two stage selective tendering?

O A. (i) and (iv) only

O B. (i), (iii) and (iv)

O C. (ii) only

O D. All of above

Question 18

Which of following is NOT conforming to ethical principles in tendering?

O A. Parties seeking/submitting tenders without a firm intention to proceed

O B. Any party with a conflict of interest must declare that interest as soon as the conflict is known to that party

O C. Providing the same conditions of tendering for each tenderer on any particular project

O D. Preserving the confidentiality of all information provided in the course of tendering

Question 19

If a tenderer wants to refer to the tender evaluation criteria including the weightings, what is the document the tenderer should refer to?

O A. Tender form

O B. Conditions of tendering

O C. Pricing schedule

O D. General conditions of contract

Question 20

The below list provides some of the factors to be considered when developing unit rate prices for groundworks.

(i) Method of excavation (trench, pit, basement)

(ii) Water table level

(iii) Bulking factor of soil

(iv) Material specification and compliance

(v) Type of ground (sand, clay, rock)

(vi) Weather condition (wet, dry)

Which of above factors should be considered when developing a unit rate for excavation?

O A. (i), (ii), (iii), (v) and (vi)

O B. All of above

O C. (i), (ii) and (v)

O D. (ii), (iv) and (v)

Hint

Accounts & Finance

16) Option A

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