Send It: Bidding Strategy, Bonds & Contract Conditions (CM4210_Ch5,7,10_review)
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A proposito di questo titolo
On this episode of Send It, JC breaks down the high-pressure phase before the work even starts: The Bidding Process.
We are covering a massive chunk of the CM4210 curriculum (Chapters 5, 7, & 10). Knowing how to build is one thing; knowing how to price it, secure it, and insure it is what keeps your doors open. We discuss the critical difference between "boilerplate" rules and project-specific ones, how to legally withdraw a bid without losing your shirt, and why Surety Bonds are the credit card of construction.
In this Deep Dive, we cover:
- General vs. Supplementary Conditions: The difference between the standard "boilerplate" rules (General) and the specific modifications needed for this job site (Supplementary).
- The Bidding Process: Understanding the "Notice to Bidders" and the crucial difference between being a Responsive bidder (you followed the rules) and a Responsible bidder (you are capable of doing the work).
- Bid Mistakes: The legal lifeline of "Mistake of Fact" (clerical errors that let you withdraw) vs. the deadly "Mistake of Judgment" (you underestimated the work and are stuck with the price).
- The "Big Three" Bonds:
- Bid Bond: Guarantees you will sign the contract if selected.
- Performance Bond: Guarantees you will actually finish the job.
- Payment Bond: Guarantees you will pay your subs and suppliers (so they don't lien the project).
- The Miller Act: The federal law requiring Performance and Payment bonds on all government projects over $100,000.
From the surety agent's office to the bid opening room, this is your tactical guide to securing the work.
"This has been Send It, Now get out there and build something."
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