Question: Why is it essential that an estimator fully understand the requirements and procedures specified in the contract documents?

Why is it essential that an estimator fully understand the requirements and procedures specified in the contract documents?

Step by Step Solution

★★★★★

3.46 Rating (175 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

It is crucial for an estimator to have a thorough understanding of the requirements and procedures specified in the contract documents for several rea... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Construction Cost Estimating Questions!

Use the following description of the operations of the RC_Charter2 Company to complete this exercise. ¢ The RC_Charter2 Company operates a fleet of aircraft under the Federal Air Regulations...

Why is it essential that management compensation, including bonuses, be linked to financial goals and strategies that achieve shareholder value?

Why is it essential that the auditor not leave questions or exceptions in the audit documentation without an adequate explanation?

Why is it essential that a project manager fully understand the requirements and procedures specified in the contract documents?

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

In the context of Project X shown below, describe four risk issues using PPP, from both public and private perspectives (including risk identification, risk analysis and risk treatment). Include any...

I'm working on a discussion post related to a technical writing case study and would appreciate your in-depth guidance on each question to ensure I fully understand the requirements and apply...

i need help with this assignment:I. Title: IDEA Software Training II. III. IV. Introduction: Congratulations! You landed your dream job as a Staff Auditor at Showker & Associates, LLP and the first...

U.S. Army Cost Benefit Analysis Guide 12 JANUARY 2010 Prepared by Office of the Deputy Assistant Secretary of the Army (Cost and Economics) Version 1.0 U.S. Army Cost Benefit Analysis Guide - V 1.0 2...

The matrix transformation f: R2 R2 defined by f(v) = Av, where and A: is a real number, is called dilation in the y-direction if k > 1 and contraction in the y-direction if 0 ] A =

Which of the following is not one of the duties that a principalwould owe an agent? Multiple Choice The principal owes a duty of cooperation to the agent. The principal owes a duty of safe working...

Mutual fund shares that charge a back - end load for the first year and an annual 1 2 b - 1 fee are called Class 8 shares. Class D shares. Class A shares. Class C shares.

Earl and Kathy live on the Big Island of Hawaii in the town of Captain Cook. Because the altitude is high, they have coffee plants growing on their property. Most of their neighbors grow coffee on...

Identify the problems that businesses in this case study solved by using mobile digital devices.

What kinds of businesses are most likely to benefit from equipping their employees with mobile digital devices such as iPhones and iPads?

One company deploying iPhones has said, The iPhone is not a game changer, its an industry changer. It changes the way that you can interact with your customers and with your suppliers. Discuss the...

In a nonmonetary exchange of equipment, if the exchange has commercial substance, the new equipment is recorded for: Multiple Choice fair value of the old equipment given plus any cash received. book...

1.You purchase a bond with an invoice price of $1,013. The bond has a coupon rate of 5.42 percent, it makes semiannual payments, and there are 2 months to the next coupon payment. The par value is...

Amount issued $400 million Offered Issued at a price of 101.50% plus accrued interest (proceeds to company 101.300%) through First Boston Corporation. Interest 9.25% per annum, payable February 15...