Question: Why should bid alternates be estimated straight?

Why should bid alternates be estimated straight?

Step by Step Solution

★★★★★

3.41 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Estimating bid alternates straight is a crucial practice in construction cost estimating for several reasons 1 Transparency and Fairness Straight esti... 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!

Heres the problem: an interior decorators bid is broken down into two parts (A) the decorators services and (B) the cost of labor and supplies. Most customers think (B) is a fixed cost-they forget...

Your friend is proposing to make a bid for a manufacturing business that has come onto the market. The business makes white plastic patio chairs. The purchase price for this business is 240,000. This...

A business case is presented below to illustrate a business problem. Managers use their knowledge of managerial accounting to establish plans and make decisions. As such, you will be required to (1)...

Why should bid alternates be estimated straight? Why include extensive backup with change orders? What is the difference between a change order and a claim? Why prepare an as-built estimate?

An owner places a set of plans and specifications in a plan service center. What does the plan service center do with the documents? O Prepares an estimate of the costs required to design the project...

1.An owner places a set of plans and specifications in a plan service center. What does the plan service center do with the documents? Prepares an estimate of the costs required to design the project...

Examine in detail one of the bid packages considered in Exercise l : a. What were the bonding requirements? b. When and where were the bids due? c. When could the work begin? When did it have to end?...

2. Examine in detail one of the bid packages considered in exercise 1: a. What were the bonding requirements? b. When and where were the bids due? c. When could the work begin? When did it have to...

5. Bid alternates priced by the contractor and accepted by the owner lead to an increase in the contract sum. True or false?

For this assignment, you are to prepare two separate files to support your estimating work. These templates will be used in future assignments of this course for assignment submissions, and will need...

(a) In a double-slit experiment, what ratio of d to a causes diffraction to eliminate the fourth bright side fringe? (b) What other bright fringes are also eliminated?

Cobalt(II) sulfate heptahydrate has pink-colored crystals. When heated carefully, it produces cobalt(II) sulfate monohydrate, which has red crystals. What are the formulas of these hydrates? If 3.548...

Provide real - world scenarios where VM cloning can be beneficial

LO.9 Several years ago, Rachel acquired an apartment building that currently generates a loss of $35,000. She has AGI of $120,000 before considering the loss. If Rachel is not an active participant...

High Tech, Inc., is a public company that produces laser and ink jet printers. Jorge is an accounting staff member who works for the companys controller and is involved in preparing the annual...

Go to the Securities and Exchange Commissions Web site (www.sec.gov) and type Sarbanes-Oxley Act of 2002 in the search box. Click on the full text of the Sarbanes-Oxley Act of 2002. Required: a. Go...

Equipment Group produces excavating equipment for contractors. Equipment Group is working on the annual financial statements for its shareholders, who are expecting profits of $121,000,000 for the...

2. As an employee would you prefer joining a start-up that offers options as a form of payment? Or, would you rather join a large well-established company that offers options as a form of payment for...

1 6 : 4 5 Backend Programmin... 1 - University of Applied Sciences Europe Backend programming Final Exam Project Backend Programming: Project War Card Game Object Oriented Solution - With GUI 5 0...

Question 2 Who are the main users of financial statements? Explain what information these users will be interested in. TOTAL MARKS =15