Question: You are an estimator at Eagle Construction and recently bid against Southern Construction Company for a retaining wall project in Statesboro. Your construction cost was
You are an estimator at Eagle Construction and recently bid against Southern Construction Company for a retaining wall project in Statesboro. Your construction cost was $1,125,572, and you added a 6% profit and overhead markup. The total bid price became $1,193,106. The Southern bid was $1,179,999. What profit and overhead markup would you need to add (or deduct) to your construction costs to get Southern's bid? Deduct 1.16% Add 1.16% Deduct 4.84% Add 4.84%
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