1 / 17

Owner

To view the slide show the press the left mouse button or the arrows keys on your keyboard to proceed through the slides. Welcome to Bid List Connection Slide Show presentation to explain how a bond might get processed in the bidding process.

camilla-merrill
Download Presentation

Owner

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. To view the slide show the press the left mouse button or the arrows keys on your keyboard to proceed through the slides. Welcome to Bid List Connection Slide Show presentation to explain how a bond might get processed in the bidding process. This explanation is in English. The technical version entails the use of wrappers, verification and integration protocols, and a host of other elements that are beyond the author of this presentation. One of the goals of this effort is to explain in layman terms what the various programmers along the communication path need to envision as a collective goal.

  2. Owner Contractor Surety Agent Surety Company Data Processing This is Part III is a series, and viewers should be acquainted with parts I & II to understand what XML is, and an overview of the flow of data.

  3. Step One-The Download File Contractor saves the downloaded file in the directory they have selected to hold downloads. Project Name.XML from www.caltrans.com Contractor

  4. Step One-The Download File The downloaded file contains an industry standard XML script that contains the basic project information. Start:aecXML <Project Description> Highway 1 Tunnel<Project Description/> <Project IFB> 04-12345<Project IFB/> <Bid Date> 082501 <Bid Date/> <Owner> Caltrans<Owner/> <Architect> Caltrans <Architect/> <Engineers Estimate> 10000000<Engineers Estimate/> <Time for Completion> 365 <Time for Completion/> <Liquidated Damages> 1000 <Liquidated Damages/> <Bid Bond Form Number> 04-12345BB <Bid Bond Form Number/> <Project URL>www.caltrans.gov/projects/04-12345<Project URL/> <Bid Bond Return>www.caltrans.gov/projects/04-12345/bidbond<Bid Bond Return/> End:aecXML

  5. Step One-The Download File The downloaded file contains an address that links future viewers to the project specific location on the owners website Start:aecXML <Project Description> Highway 1 Tunnel<Project Description/> <Project IFB> 04-12345<Project IFB/> <Bid Date> 082501 <Bid Date/> <Owner> Caltrans<Owner/> <Architect> Caltrans <Architect/> <Engineers Estimate> 10000000<Engineers Estimate/> <Time for Completion> 365 <Time for Completion/> <Liquidated Damages> 1000 <Liquidated Damages/> <Bid Bond Form Number> 04-12345BB <Bid Bond Form Number/> <Project URL>www.caltrans.gov/projects/04-12345<Project URL/> <Bid Bond Return>www.caltrans.gov/projects/04-12345/bidbond<Bid Bond Return/> End:aecXML

  6. Step One-The Download File The downloaded file contains an address that provides the project specific internet address that the owner has established to ultimately receive the electronic bid bond. Start:aecXML <Project Description> Highway 1 Tunnel<Project Description/> <Project IFB> 04-12345<Project IFB/> <Bid Date> 082501 <Bid Date/> <Owner> Caltrans<Owner/> <Architect> Caltrans <Architect/> <Engineers Estimate> 10000000<Engineers Estimate/> <Time for Completion> 365 <Time for Completion/> <Liquidated Damages> 1000 <Liquidated Damages/> <Bid Bond Form Number> 04-12345BB <Bid Bond Form Number/> <Project URL>www.caltrans.gov/projects/04-12345<Project URL/> <Bid Bond Return>www.caltrans.gov/projects/04-12345/bidbond<Bid Bond Return/> End:aecXML

  7. Step Two-The Import of Download File Contractor imports the data into Bid List Connection, or any other application that can process the data. Start:aecXML <Project Description> Highway 1 Tunnel<Project Description/> <Project IFB> 04-12345<Project IFB/> <Bid Date> 082501 <Bid Date/> <Owner> Caltrans<Owner/> <Architect> Caltrans <Architect/> <Engineers Estimate> 10000000<Engineers Estimate/> <Time for Completion> 365 <Time for Completion/> <Liquidated Damages> 1000 <Liquidated Damages/> <Bid Bond Form Number> 04-12345BB <Bid Bond Form Number/> <Project URL>www.caltrans.gov/projects/04-12345<Project URL/> <Bid Bond Return>www.caltrans.gov/projects/04-12345/bidbond<Bid Bond Return/> End:aecXML

  8. Step Three Once contractor has imported the data from the download file they complete the remaining fields in the project information panel

  9. Step Four- Electronic Bid Request Contractor sends electronic bid request to surety agent, with digital signature. It is the beginning of an electronic bid document.

  10. Step Four- Electronic Bid Request The data now includes both the original information from the owners download file and the data added by the contractor. Start:aecXML <Project Description> Highway 1 Tunnel<Project Description/> <Project IFB> 04-12345<Project IFB/> <Bid Date> 082501 <Bid Date/> <Owner> Caltrans<Owner/> <Architect> Caltrans <Architect/> <Engineers Estimate> 10000000<Engineers Estimate/> <Time for Completion> 365 <Time for Completion/> <Liquidated Damages> 1000 <Liquidated Damages/> <Bid Bond Form Number> 04-12345BB <Bid Bond Form Number/> <Project URL>www.caltrans.gov/projects/04-12345<Project URL/> <Bid Bond Return>www.caltrans.gov/projects/04-12345/bidbond<Bid Bond Return/> <Construction Company>Under the Hill Construction<Construction Company/> <Estimator>Bob Jones<Estimator/> <Bidding Office>San Francisco<Bidding Office/> <Bond Signer>Larry Williams<Bond Signer/> <Principle Electronic Signature>DFG456787FDGREE344dfRR< Principle Electronic Signature/> < Principle Verification Certificate >XRTV34RDR78FD34DS< Principle Verification Certificate/> End:aecXML Owners Data Contractors Data

  11. Step Four- Electronic Bid Request Because the bid bond request is from the contractors computer a digital signature can be added, with certification. Start:aecXML <Project Description> Highway 1 Tunnel<Project Description/> <Project IFB> 04-12345<Project IFB/> <Bid Date> 082501 <Bid Date/> <Owner> Caltrans<Owner/> <Architect> Caltrans <Architect/> <Engineers Estimate> 10000000<Engineers Estimate/> <Time for Completion> 365 <Time for Completion/> <Liquidated Damages> 1000 <Liquidated Damages/> <Bid Bond Form Number> 04-12345BB <Bid Bond Form Number/> <Project URL>www.caltrans.gov/projects/04-12345<Project URL/> <Bid Bond Return>www.caltrans.gov/projects/04-12345/bidbond<Bid Bond Return/> <Construction Company>Under the Hill Construction<Construction Company/> <Estimator>Bob Jones<Estimator/> <Bidding Office>San Francisco<Bidding Office/> <Bond Signer>Larry Williams<Bond Signer/> <Principle Electronic Signature>DFG456787FDGREE344dfRR< Principle Electronic Signature/> < Principle Verification Certificate >XRTV34RDR78FD34DS< Principle Verification Certificate/> End:aecXML Owner Contractor Surety Agent Surety Company

  12. Step Five-The Agent Processes Request The surety agent processes the bid request, adds its digital signature, with certification. The resulting XML file contains the project data, with both the contractors and the agents signature. Start:aecXML <Project Description> Highway 1 Tunnel<Project Description/> <Project IFB> 04-12345<Project IFB/> <Bid Date> 082501 <Bid Date/> <Owner> Caltrans<Owner/> <Architect> Caltrans <Architect/> <Engineers Estimate> 10000000<Engineers Estimate/> <Time for Completion> 365 <Time for Completion/> <Liquidated Damages> 1000 <Liquidated Damages/> <Bid Bond Form Number> 04-12345BB <Bid Bond Form Number/> <Project URL>www.caltrans.gov/projects/04-12345<Project URL/> <Bid Bond Return>www.caltrans.gov/projects/04-12345/bidbond<Bid Bond Return/> <Construction Company>Under the Hill Construction<Construction Company/> <Estimator>Bob Jones<Estimator/> <Bidding Office>San Francisco<Bidding Office/> <Bond Signer>Larry Williams<Bond Signer/> <Principle Electronic Signature>DFG456787FDGREE344dfRR< Principle Electronic Signature/> < Principle Verification Certificate >XRTVT345GR78FD34DS< Principle Verification Certificate/> <Surety Agency>North Coast Surety Insurance Services, Inc.<Surety Agency/> <Agency Code>NCS1239<Agency Code/> <Authorizing Agent>K. Dixon Wright<Authorizing Agent/> <Approval Status>Approved under existing Program<Approval Status/> <Principle ID>U12345<Principle ID/> <Principle Backlog>10000000<Principle Backlog/> <Agent Electronic Signature>DFG456787FDGREE344dfRR< Agent Electronic Signature/> < Agent Verification Certificate >XRTVT345GR78FD34DS< Agent Verification Certificate/> End:aecXML Owners and Contractors data Agents Data

  13. Step Five-The Agent Processes Request The data is received by the surety company. The agent is authorized to issue the bid bond. The record of the bonds issuance is maintained by the surety. Owner Contractor Surety Agent Surety Company

  14. Step Six-The Agent Transmits Bid Bond Agent transmits just the information necessary for the bid bond, including the contractor and agents signatures. It also identifies the verification address for the surety. Owner Contractor Surety Agent From Surety Agent to Caltrans: www.caltrans.gov/projects/04-12345/bidbond Start:aecXML <Project Description> Highway 1 Tunnel<Project Description/> <Project IFB> 04-12345<Project IFB/> <Bid Date> 082501 <Bid Date/> <Bid Bond Form Number> 04-12345BB <Bid Bond Form Number/> <Construction Company>Under the Hill Construction<Construction Company/> <Bond Signer>Larry Williams<Bond Signer/> <Principle Electronic Signature>DFG456787FDGREE344dfRR< Principle Electronic Signature/> < Principle Verification Certificate >XRTVT345GR78FD34DS< Principle Verification Certificate/> <Surety Electronic Signature>DFG456787FDGREE344dfRR< Surety Electronic Signature/> < Surety Verification Certificate >XRTVT345GR78FD34DS< Surety Verification Certificate/> < Surety NAIC Code >1239499< Surety NAIC Code /> End:aecXML Surety Company

  15. Step Seven-The Owner Verifies the Bond The file received by the owner contains all the information necessary for the owner to verify directly with the surety company, or a third party verification facility, the authenticity of the bond. Owner Contractor Surety Agent Surety Company

  16. Step Eight-The Surety Verification The surety matches the received request for verification against the bonds it maintains records on. A match results in an affirmative verification, with the surety company digital signature. Start:aecXML <<Project Description>> Highway 1 Tunnel<<Project Description>> <<Project IFB>> 04-12345<<Project IFB>> <<Bid Date>> 082501 <<Bid Date>> <<Bid Bond Form Number>> 04-12345BB <<Bid Bond Form Number>> <<Construction Company>>Under the Hill Construction<<Construction Company>> <<Principle Electronic Sig>>DFG456787FDGREE344dfRR<< Principle Electronic Sig>> << Principle Verif Certificate >>XRTVT345GR78FD34DS<< Principle Verif Certificate>> <<Agent Electronic Sig>>DFG456787FDGREE344dfRR<< Agent Electronic Sig>> << Agent Verif Certificate >>XRTVT345GR78FD34DS<< Agent Verif Certificate>> << Surety NAIC Code >>345GR7<< Surety NAIC Code >> << Surety Confirmation Code >>38fr45GR7<< Surety Confirmation Code >> <Surety Electronic Signature>DFG456787FDGREE344dfRR< Surety Electronic Signature/> < Surety Verification Certificate >XRTVT345GR78FD34DS< Surety Verification Certificate/> End:aecXML

  17. End Step Eight-The Surety Verification The owner now possesses all the information and authentication necessary to conclude the bond process. Beginning Owner Contractor Surety Agent Surety Company

More Related