Question: A contractor submits a bid that lists a cost for every bid item. For example there is a line that reads:Concrete Foundations, $ 2 9

A contractor submits a bid that lists a cost for every bid item. For example there is a line that reads:Concrete Foundations, $290 per cubic yard, 200 cubic yards, $58,000.What do we call this kind of contract?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
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 Civil Engineering Questions!

Q:

Business Event Analysis: Complete the following table based on the specified NBD event. Receive Shipment (From Supplier) Trigger(s) (also indicate type) Collected Data (originates as input for event)...

Q:

Thank u guys:) This is the reference pages but the questions are the last 3 pictures . . . . Craft - Mason Wage rate VET $29.00 Hours worked 50 hours per week for 20 weeks and 40 hours per week for...

Q:

Global Bike Case Study Metadata The data set for your analysis includes variables related to Global Bike's most recent sales data. You should be familiar with most of the variables, but here are some...

Q:

ERD diagram! I. Background Natural by Design, Inc. (NBD) is a partnership that designs and develops interior and exterior landscapes for hotels, restaurants, condominiums, and private estates. In...

Q:

Display an ERD diagram regarding inventory, with crows foot notation. Display an ERD diagram regarding inventory, with crows foot notation. I. Background Natural by Design, Inc. (NBD) is a...

Q:

GSH TERM-CONTRACTING IRREGULARITIES Background The Government Services Handling (GSH), frequently referred to as the housekeeper of the Federal Government," is an agency that deals in a vast range...

Q:

Explain the similarities and differences between job order costing and process costing. In your explanation, provide examples of when job order costing and process costing would be most appropriate....

Q:

In Chapter 3, you were introduced to 3 types of costs associated with a manufactured product ? direct materials, direct labor, and manufacturing overhead. Explain how these costs are associated with...

Q:

Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...

Q:

Using the SEC 10-K for LOCKHEED MARTIN answer the questions below: ****I included the report in the attachment **** What were total current assets for the two most recent years? What were total...

Q:

(a) Complete the structure of the pain-relieving drug ibuprofen on the basis of the fact that ibuprofen is a carboxylic acid that has the molecular formula C13H18O2, X is an isobutyl group, and Y is...

Q:

Let n>2, a; >0, j=1,2,- and aitaz+..+ an = 1 Prove +hat an a, 2n-1 2-an 2-a1

Q:

AP10.4 A DC motor control system with unity feedback has the form shown in Figure AP10.4. Select K1 and K2 so that the system response has a settling time (with a 2% criterion) Ts 1 s and a percent...

Q:

Required information [The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product. The Company uses...