Question: Consider a road construction project having four construction or bid items. The bid items and estimated quantities provided by the project owner are tabulated
Consider a road construction project having four construction or bid items. The bid items and estimated \ quantities provided by the project owner are tabulated in the following Table. Also, a contractor plans \ to bid on this project and did the investigation on the bid documents, such as design drawings. The \ contractor finds out that the owners quantities have mistakes. Specifically, Item 1 was underestimated\ by the owner with the actual quantity of 10,000 sqft, whereas Item 2 was overestimated with the actual \ quantity of 1,000 cyd. The contractor did the cost estimation and estimated the unit price of each item\ (Unit Price (Estimated by the contractor), as shown in the table below
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