Transcription of TxDOT Glossary - Texas Department of Transportation
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TxDOT Glossary - Texas Department of Transportation
TxDOT GlossaryOctober 2013 2013 by Texas Department of Transportation (512) 302-2453 all rights reservedTxDOT Glossary1-1 TxDOT 10/2013 AA+B BiddingA+B bidding, also known as cost-plus-time bidding, involves time (with an associated cost) in the low bid determination. Bids consist of two components: 1.)The A component is the traditional bid for the contract items and is the dollar amount for all work to be performed under the )The B component is a bid of the total number of calendar days required to complete the project, as estimated by the bidder. The bid for award consideration is based on a combination of the bid for the contract items and the associated cost of the time, according to the following for-mula: (A) + (B x Road User Cost per Day)The formula is only used to determine the lowest bid for award and is not used to determine pay-ment to the contractor.
An acronym is a word made up of first letters or parts of words of a compound term. ... Information Services Business Improvement Project Technology 1 ... addendum An addendum is a document used to modify an original proposal and/or plans. Becomes a legal part of the bid proposal. Letting Manual additional cost Additional cost is the extra cost ...
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