Question $3$ Tender Price Evaluation

$(9$ Marks$)$

You are an engineer employed by a local authority, and you are examining recently received tenders for a construction project. From the information supplied below, you will see that the lowest tender received is from Contractor A and it compares very closely with your estimate, while the tender received from Contractor $B$ is slightly higher.

$\backslash$table$[[,$Item,Estimate,Tender A$,$Tender B$],[1,$Site Establishment,$50,000,100,000,52,000],[2,$Excavation,$30,000,50,000,33,000],[3,$Drainage,$20,000,25,000,22,000],[4,$Foundations in Place,$80,000,120,000,76,000],[5,$Reinforced Concrete in Place,$250,000,200,000,244,500],[6,$Structural Steel in Place,$100,000,58,500,110,500**$