Additive Alternate Bid:
A bidding strategy in the game of bridge where a player makes a bid that is one level higher than the previous bid, indicating a desire to compete for the contract. This bid is typically made when the player’s hand contains a moderate number of high card points and a good distribution of suits. The purpose of an additive alternate bid is to disrupt the opponents’ bidding sequence and potentially gain an advantage in the final contract.
An additive alternate bid refers to a bidding process in which a contractor submits an additional bid option alongside their primary bid. This alternate bid provides an alternative pricing or scope of work option that the client can consider if they choose to do so. The purpose of an additive alternate bid is to give the client flexibility in selecting the most suitable option for their project, based on factors such as budget constraints or specific project requirements. The client may choose to accept the primary bid, the alternate bid, or a combination of both bids, depending on their needs and preferences.
Q: What is an Additive Alternate Bid?
A: An Additive Alternate Bid is an additional option or feature that can be added to a construction project if the budget allows. It is typically used when the project budget is uncertain or when the owner wants to explore additional options.
Q: How is an Additive Alternate Bid different from a base bid?
A: The base bid is the main bid for the construction project, while the Additive Alternate Bid is an optional addition that can be included if the budget allows.
Q: Why would a project include Additive Alternate Bids?
A: Additive Alternate Bids allow the owner to consider additional options or features for the project without committing to them upfront. It also provides flexibility in case the project budget changes.
Q: How are Additive Alternate Bids typically used in the construction industry?
A: Additive Alternate Bids are commonly used in public construction projects, where the owner wants to explore additional options within a limited budget. They are also used in private projects where the owner wants to have the flexibility to add features or options as the project progresses.
Q: How are Additive Alternate Bids evaluated and awarded?
A: Additive Alternate Bids are typically evaluated and awarded based on the project budget and the owner’s priorities. The owner may choose to accept or reject the Additive Alternate Bids based on their cost and the overall project budget.
Q: Can Additive Alternate Bids be added after the project has started?
A: In some cases, Additive Alternate Bids can be added after the project has started if the owner decides to include additional features or options. However, this may require a change order and could impact the project timeline and budget.
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This glossary post was last updated: 29th March 2024.
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