Fundamentals Of Construction Estimating
4th Edition
ISBN: 9781337399395
Author: Pratt, David J.
Publisher: Cengage,
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During what period can a contractor withdraw the bid without penalty?
How can the unbalanced bid be detected?
What should an estimator do when a bid is received from a subcontractor with a very low price, suggesting that the subtrade has made an estimating error?
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- What is the difference in between of bid bond and face value in bidding process ? (or in real Construction project )arrow_forwardExplain difference between “Escalation and Liquidated Damages”. Write how site conditions affecting tender price.arrow_forwardOn a unit-price contract, if a contractor includes a unitprice of $145.00 per meter for 765 meters of pipe to be constructed in place, but incorrectly shows the extended amount as $110,952.00, exactly how much money should be included in the total bid price?arrow_forward
- How can we calculate depreciation of any equipment?arrow_forwardWhat is the method used by the contractor to reduce the bidding price and increase his profit, explain?arrow_forwardOn lump-sum contracts, what are the two methods available toutilize a PC computer in determining the amount of paymentdue to the contractor?arrow_forward
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