d. What are the areas that the owner needs to look at when the owner pre-qualifi

Question

d. What are the areas that the owner needs to look at when the owner pre-qualifies bidders during a contracting process? (12.5 pts) True or False (20 points) Risks can be eliminated through contracts, but they cannot be allocated through - contract strategy - Disputes are likely to occur when risks are not clearly allocated. - Risk management is about understanding project and making better decisions. - Risk management is substitute for project management. - Risk analysis is often an iterative process.

Explanation / Answer

(d) Answer:- Owner check work experiences of bidders and nature of bidder. Owner take all information about bidders. Owner should know which type of project bidder has completed recently. Owner should know work record of bidder.

True/false question:-

(i) Answer:- False

(ii) Answer:- True

(iii) Answer:- True

(iv) Answer:- False

(v) Answer:- True

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