Ontario's Ministry of Transportation has advertised an A B contract for the repaving of a bridge on a busy 4-lane divided highway. The works must be completed with the bridge partially open, 2 lanes at a time. In the tender documentation, the delays and inconvenience caused to the public by the construction works have been estimated to amount to CAD 10,000 per day. The bids received were as follows: BID Amount: Bond amount: Planned start date: Planned completion: Contractor A: $ 1,395,000 $ 2,000,000 April 1 2024 May 31 2024 Contractor B: $ 1,000,000 $ 2,000,000 April 1 2024 June 30 2024 Contractor C: $ 1,600,000 $ 2,000,000 May 1 2024 May 31 2024 Contractor D: $ 800,000 $ 2,500,000 April 1 2024 August 31 2024 Calculate the winning bid amount. Report your answers to dollar precision (no cents). Your Answer:

Answer rating: 100% (QA)

SOLUTION To calculate the winning bid amount we need to evaluate the bids based on the criteria spec... View the full answer