How Do You Spell ADDITIVE ALTERNATE BID?

Pronunciation: [ˈadɪtˌɪv ɔːltˈɜːnət bˈɪd] (IPA)

Additive alternate bid is a phrase used in construction bidding. The word "additive" is pronounced /ˈædɪtɪv/, which means a bid that adds additional work to the original scope of the project. The word "alternate" is pronounced /ˈɔːltənət/, which means a bid that proposes an alternative approach to the work. The word "bid" is pronounced /bɪd/, which means an offer of a set price for a project. Together, the phrase refers to a bidding process where additional work or alternative approaches can be proposed in addition to the original scope of work.

Meaning and Definition
Basic Check Advanced Check

ADDITIVE ALTERNATE BID Meaning and Definition

  1. An additive alternate bid refers to a pricing option or proposal provided in addition to the primary bid or proposal in a construction or procurement project. It is an alternative pricing structure that is proposed to the client or owner alongside the main bid, providing an additional option or feature that can be included or excluded from the final project scope.

    In simple terms, an additive alternate bid allows the client or owner to consider additional work or features that can be added to the project if they choose to do so. This additional work or feature is usually listed as a separate item or line in the bid proposal, indicating its cost and specifying the requirements or specifications associated with it.

    The purpose of an additive alternate bid is to provide flexibility to the client or owner in making decisions about their project. It allows them to explore different options and determine whether they want to include additional work or features based on their budget, needs, or preferences. This bidding strategy ensures transparency and allows for a more informed decision-making process.

    Contractors or suppliers typically provide additive alternate bids to offer the client more choices and showcase their capabilities or expertise by presenting different options for consideration. It enables the client to evaluate the cost implications and benefits of additional features or work and make an informed decision before finalizing the project scope or awarding the contract.