The Bidding Documents Include

question 32

Multiple Choice

The bidding documents include

• A)construction drawings, specifications, addenda, and contract modifications.
• B)construction drawings, specifications, and addenda.
• C)construction drawings and specifications.
• D)construction drawings.
• E)none of the above.

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Definitions:

Market Economy

An economic system in which decisions on production and consumption are based on voluntary exchange in markets.

Incentives

Factors, monetary or otherwise, that motivate individuals or businesses to act in a certain way, typically to achieve certain goals or outcomes.

Society's Welfare

The overall well-being and quality of life of a community or society, often considered in terms of health, happiness, and prosperity.

Efficiency

The degree to which resources are utilized effectively to achieve a goal with minimum waste of time and effort.