The direct and indirect costs estimated by a contractor for bidding a project is 160000 and #20000 respectively. If the mark up applied is 10% of the bid price, the quoted price (in) of the contractor is

The direct and indirect costs estimated by a contractor for bidding a project is 160000 and #20000 respectively. If the mark up applied is 10% of the bid price, the quoted price (in) of the contractor is

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter15: Closing The Bid

Section: Chapter Questions

Problem 11RQ

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Concept explainers

Bid Package

A bid package is a set of all documents, often known as bid documents necessary to be submitted by a general contractor before participating in a competitive construction bid to receive tender of execution of any construction project.

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The direct and indirect costs estimated by a contractor for bidding a project is 160000 and 20000
respectively. If the mark up applied is 10% of the bid price, the quoted price (in) of the contractor is

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