Rail transport can be speedier, too. It takes about five to seven days to move oil by train from North Dakota to the Gulf Coast or Atlantic Coast, the CRS says, versus about 40 days by pipeline. CONS: Rail accidents potentially threaten lives and can cause widespread property damage.
The duration of the bidding period is affected by the contracting mode chosen and the type of bidding required. CHAPTER 2: BIDDING DOCUMENTS. The bidding documents are prepared by the design professional and the Facility during a project's construction documents phase and are assembled by the Facility. The University has approved the use of three types of construction bidding documents: the Long Form, the Brief Form, and the Mini Form. The Office of the President and the Office of the General Counsel have requested the opportunity to review and approve certain bidding documents before their issuance to bidders.
A guaranteed maximum price construction contract is a hybrid of two other common types of construction agreements: a time and materials contract and a fixed price contract.