- ITBInvitation to Bid
- The package a general contractor issues to solicit subcontractor pricing. Where a pursuit starts, and where the eligibility clauses hide.
- AddendumAddendum
- A change to the bid documents issued before close. Everything you already read may have been amended by one, and acknowledging them is usually a condition of a responsive bid.
- AlternateAlternate
- Priced scope the owner may accept or reject at award. Priced separately, awarded together, and a common source of margin surprises.
- LDsLiquidated damages
- A fixed daily amount owed for finishing late, written into the front end. It converts a schedule risk into a number that belongs in the bid.
- LevelingBid leveling
- Normalizing vendor quotes to the same scope so they can be compared honestly. Where exclusions become visible and stated totals get reconciled.
- Scope gapScope gap
- Work that every bidder assumed belonged to someone else. Found before close it is an RFI; found after award it is an argument.
- RFIRequest for information
- A formal question about the documents. Its value depends almost entirely on being asked before pricing rather than after.
- BAFOBest and final offer
- A second round of pricing requested after bids are opened, usually against a compressed clock.
- BuyoutBuyout
- Converting the bid’s assumed vendor pricing into actual purchase orders after award. Where every optimistic assumption gets settled.
- Bid bondBid bond
- Security guaranteeing you will enter the contract if awarded. Bonding capacity is a gate on which pursuits you can chase at all.
- PrequalPrequalification
- Approval to bid at all, granted before the pursuit. Missing its deadline disqualifies you as effectively as missing the close.
- Order of precedenceOrder of precedence
- The front-end clause that decides which document governs when two disagree. Usually the specification over the drawings, which is the opposite of how most people price.
- Delegated designDelegated design
- Engineering the specification assigns to the bidder, sealed by a licensed engineer. A fee and a schedule, neither of them in the tonnage.
- TakeoffTakeoff
- Measuring quantities from the drawings. ArosBid does not do this and does not intend to; it runs the bid around whatever you already use.