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The DOT in problem 1 above has solicited bids from contractors to complete this project. The contractors are requested to bid on both the time
The DOT in problem 1 above has solicited bids from contractors to complete this project. The contractors are requested to bid on both the time and duration of the project (A+B bidding). The table below shows the bids received by the DOT from seven interested contractors. Answer the following questions. Contractor Estimated Cost (A) Estimate Duration (B) A $14,378,000 227 days B $14,434,000 179 days C $14,056,000 187 days D $14,126,000 231 days E $14,518,000 223 days F $13,818,000 202 days G $13,846,000 225 days Which contractor would get the project if a traditional bidding method was used? Which contractor would get the project if the DOT's only concern is the duration? Using the DRUC you estimated in problem 1, which contractor would get the project the under A+B bidding system used by the DOT? If the selected contractor completes the project in 202 days, what will be the total adjusted project value (after adding the incentives/disincentives, if any)? (hint: assume both I/D are equal to the DRUC Which is 80,100)
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