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【First-Class Constructor Project Management Practice Questions】031 Submitting Bid Documents

2016-06-19 View Original

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The act of a bidder submitting a bid to the tenderer within the specified time frame, in accordance with the tender documents, is referred to as ( ). A. Offer B. Acceptance C. Invitation to offer D. Entry into force of the contract
Reply #2 2016-06-19
【Standard Answer】A 【Expert Explanation】The tenderer publishes a tender announcement through the media, or sends out tender invitations to qualified bidders, which constitutes an invitation to offer; The bidder submits a bid to the tenderer within the specified deadline in accordance with the contents of the tender documents, which constitutes an offer ; The tenderer determines the winning bidder through bid evaluation and issues a notice of award as a commitment ; When the tenderer and the winning bidder enter into a written contract in accordance with the notice of award, the tender documents, and the winning bidder’s bid documents, the contract is established and becomes effective.

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