What is the difference between bid shopping and bid peddling?

What will be an ideal response?


Bid shopping is when the prime contractor uses the lowest sub-bid to “shop
around” with the hope of getting still lower sub-bids. Bid peddling is the
converse, with other subcontractors attempting to undercut the sub-bid to
the prime, in essence engaging in a second round of bidding.

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Even though horse numbers in the United States may never again match those they reached at the beginning of the twentieth century, horses have never been so popular.

Answer the following statement true (T) or false (F)

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Alternative A has a rate of return of 14% and alternative B has a rate of return of 17%. If the investment required in B is larger than that required for A, the rate of return on the increment of investment between A and B is: (choose one)

(a) Larger than 14% (b) Larger than 17% (c) Between 14% and 17% (d) Smaller than 14%

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If a wall measures 24' x 28', and made of 8" block, how many cubic yards of grout are needed to fill all block cells?

What will be an ideal response?

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An inductor has an inductive reactance of 12 ?, and a wire resistance of 16 ?. What is the impedance of the inductor?

A. 4 ? B. 20 ? C. 28 ? D. 400 ?

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