Receive bids. Xxxxxxx-Xxxxx will receive bids throughout the course of an entire day. The bid times may be staggered to ensure our ability to answer questions or provide direction up to the last minute.
Receive bids. The Service Provider shall receive bids from trade contractors, and review the bids with the Trustees towards identifying the lowest responsible bidder for each trade, including alternatives for that trade. Trade bids may be normalized, and Service Provider shall review and confirm scope of work with trade contractors before the Lump Sum is submitted to the Trustees. Service Provider shall invite the Trustees’ representative to the bid openings and to participate in bid normalization. Submittal of Project Lump Sum Price or GMP The project Budgeted Direct Construction Cost is provided in the Task Order Request project description. The Trustees may revise the project Budgeted Direct Construction Cost during the design phase. Upon bidding the Project and receiving all trade contractors’ bids, or prior to receiving all bids as approved by the Trustees, the Service Provider shall submit to the Trustees a Lump Sum Construction Proposal for the construction of the Project. If the Design-Build Agreement is based on a GMP, a contract change order shall convert the contract to a lump sum price. If the final trade bids result in a project savings the change order will adjust the GMP to that final Lump Sum price amount. The Design-Builder / General Contractor shall be responsible for any GMP cost overruns. If the Trustees accept the Service Provider’s Lump Sum Price Construction Proposal, the Trustees shall award a Construction Agreement to the Service Provider to construct the Project for the aggregate of the direct cost of the work, plus the Service Provider’s fee for Construction Phase Services and Overhead and Profit, as proposed in the RFP phase. Payment and performance bonds shall be written for the full amount of the Lump Sum Price or GMP Construction Proposal. The Service Provider’s overhead and profit shall be the proposed percentage for overhead and profit applied to the Actual Direct Construction Cost.
Receive bids. The Service Provider shall receive bids from trade contractors, or work with Trustees on best value selections, and review the bids and proposals with the Trustees towards identifying the lowest responsible bidder for each trade, including alternatives for that trade. Trade bids may be normalized, and Service Provider shall review and confirm scope of work with trade contractors before the Lump Sum is submitted to the Trustees. Service Provider shall invite the Trustees’ representative to the bid openings and to participate in bid normalization. Submittal of Project Lump Sum Price or GMP
