Multiple Choice
Whereas lump-sum bids involve calculating a single final price and assembling a list of subtrades, with a unit-price bid, the contractor is also required to complete a "_______", that is, an itemized breakdown of the work of the project.
A) Bid Drawing
B) Estimate File
C) Pre-bid
D) Schedule of Prices
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The bid markup has one main component:
Q3: A construction contract bid is compiled in
Q4: A construction bid contract is compiled in
Q5: The last stage in the preparation of
Q6: _ are quoted for proposed changes in
Q7: The estimate-cost control process is linear in
Q8: The recap format for the takeoff items
Q9: A bid may sometimes be called a(n)"_"
Q10: The first step in the cost control
Q11: The _ function in a construction company