Question 1: In the tendering process, what is the significance of contractor prequalification?
Which action should you take?
Question 2: How do you handle cost changes due to variations in the scope of work during a construction project?
Which action should you take?
Question 3: When analyzing cost variances, which factor is typically the primary cause of discrepancies between actual and estimated costs?
Which action should you take?
Question 4: In a two-stage tendering process, what is the key advantage for contractors during the second stage?
Which action should you take?
Question 5: What is the primary function of the prequalification stage in a construction tendering process?
Which action should you take?
Question 6: How do you incorporate risk-sharing mechanisms into contracts to minimize potential risks in a construction project?
Which action should you take?