LARGE 2024 - Session 7 exercise 2

True and False: The Approved Budget for the Contract (ABC) shall be the upper limit or ceiling for the Bid Price.

In case of failure of bidding, the BAC should do the following, except for:

Within ____ calendar days from the determination and declaration by the BAC of the LCRB, and the recommendation of the award, the Head of the Procuring Entity or his duly authorized representative shall approve or disapprove the said recommendation.

True or False: The Procuring Entity shall issue the Notice to Proceed to the winning bidder not later than ten (10) calendar days from date of approval of the contract.

Direct contracting may be resorted to by a government agency for the following conditions, except for:

An alternative mode of procurement wherein the agency directly negotiates a contract with a technically, legally and financially capable supplier, contractor or consultant.

True or False: For negotiated procurement due to two-failed biddings, the ABC can be increased by more than 20% of the ABC for the last failed bidding.

_________ refers to projects that are in actual physical contact with each other or in the immediate vicinity such that the required equipment and other resources can easily be mobilized.

True or False: Once the cumulative amount of liquidated damages reaches twenty percent (20%) of the amount of the contract, the PE may rescind or terminate the contract.

True or False: Contract shall be awarded to the bidder with the Highest Calculated and Responsive Bid (HCRB) at its submitted price or total calculated bid price, whichever is lower.