L1.0 Post Assessment Copy

When working as a general contractor for a public sector customer such as MMSD, insurance can be negotiated depending on your company’s specific policy limits and coverage?

The premiums paid at the time of your insurance renewal are only an estimate of the upcoming insurance term. Actual premiums will be determined at the end of an insurance term?

True or False: MMSD requires a Bid Bond, Performance Bond, and Payment Bond from the General Contractor for every contract?

A subcontractor working for a General Contractor does not need to worry about Bonding as it will not be required?

Providing Bonds are free?

Contractors can expect to get paid within one week of starting a project?

Evaluating cash flow concern at the time of bid is of little concern to a contractor?

As an estimator, it is important to evaluate business capacity, resource capacity, and project logistics as part of the project selection effort?

Your company can submit a bid to MMSD without being a registered vendor?

When submitting a bid as a subcontractor on a MMSD project, you submit your bid or quote to the General Contractor?

MMSD posts all bid requests on the procurement section of their website?