Answered: The direct and indirect costs estimated…

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

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.

Question

Correct answer only, its urgent please do it ASAP

The direct and indirect costs estimated by a contractor for bidding a project is Rs. 160000
and Rs. 20000 respectively. If the mark up applied is 10% of the bid price, the quoted
price (in Rs.) of the contractor is
(a) 198000
(c) 200000
(b) 196000
(d) 182000

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