The Construction Manager in the 80'sPrentice-Hall, 1981 - 431 pages |
From inside the book
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Page 39
... estimate , or in excess of budget made from the bid estimate . Some companies make less careful estimates than others , designating small items by " allowances " ( not to be confused with architects ' " allowances , " where the owner is ...
... estimate , or in excess of budget made from the bid estimate . Some companies make less careful estimates than others , designating small items by " allowances " ( not to be confused with architects ' " allowances , " where the owner is ...
Page 77
... estimating varies with different kinds of bids . An estimate for a negotiated contract is different from an estimate for a competitive bid in the following ways : 1. The negotiated contract allows more time , usually , to prepare the ...
... estimating varies with different kinds of bids . An estimate for a negotiated contract is different from an estimate for a competitive bid in the following ways : 1. The negotiated contract allows more time , usually , to prepare the ...
Page 89
... ESTIMATING MARGINS Although a contractor bases his bids on his cost , his estimate of his competitors ' bids is equally important . The cost estimate has two purposes : first , to avoid a loss contract , and second , to submit a bid ...
... ESTIMATING MARGINS Although a contractor bases his bids on his cost , his estimate of his competitors ' bids is equally important . The cost estimate has two purposes : first , to avoid a loss contract , and second , to submit a bid ...
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Common terms and phrases
accept agreement American Arbitration Association amount approval arbitration architect attorney authority bid shopping bills bond building calculated cash charged claim clause complete concrete Contract Documents contractor copy cost account cost control cost reports cost-plus court decision delay delivery detailed determine drawings electrical employees engineer equipment error estimate example Figure firm foreman furnish give hire home office invoices job cost job superintendent labor cost liability liquidated damages low bid low bidder machine markup materials ment methods needed obliged obtain operations organization overhead owner paid party payment payroll percent percentage performance bond person personnel plans profit project manager purchase order reason received refuse responsible schedule separate sheet shop drawings specifications sub's subcontractor supervised suppliers surety surety bond tion trade union unit prices usually vendor workers