Problem 2: The table given below shows the bid items & their breakdown unit direct cost elements in a small construction project. Item No. Quantity 1 2 95 175 140 55 Material Labor Cost Cost ($/Unit) I ($/Unit) 90 45 115 25 215 50 50 30 75 25 25 20 60 10 3 4 Equipment Subcontractor Cost Cost ($/Unit) ($/Unit) 75 10 120 20 15 5 5 15,000 35,000 5,000 5 6 7 80 115 65 Job Job Job 8 9 10 Knowing that: Site Overheads = 10% Company Overheads = 5% Mark-Up = 10% . . It is required to: (a) Determine the project Bid Price (b)Determine the Unit and Total Price of each item in the project c) Determine the Unit and Total Price of each item in the project by unbalancing the bid. The unbalanced bid will be done by adding $2,000, $4,000, and $5,000 to the balanced total price of items 1, 2, and 3, respectively, and deducting $4,000 and $8,0 from the balanced total price of items 8 and 9, respectively. 700