1. Which one of these statements is correct about BSDQ? (More than one answer ca
ID: 1765398 • Letter: 1
Question
1. Which one of these statements is correct about BSDQ? (More than one answer can be correct)
a. Establishing a fair competitive environment for bidders is the rationale of BSDQ
b. Tender (bid) security submission is mandatory for all projects
c. An owner is NOT contractually bound to the rules of BSDQ
d. As a privilege to the bidders, the withdrawal of tendering is free of charge
e. A project owner has the right to select the bidder of his/her choice without considering
the lowest bid
2. RIBNA Co. is negotiating with TRUMPet (the owner) for the construction of a luxurious golf
resort with a target price of $15M. RIBNA is targeting 10% of the project target price as the total
profit of this project. Considering these facts that the 8% fixed fee of the target price and the
common percentage of profit sharing are not negotiable, at what cost do you recommend
RIBNA to finish the project in order to meet its total profit target.
Explanation / Answer
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