Question

Visit a well-known contractor and meet the person or staff responsible for the bid estimating and obtain a copy of an estimate.

Write on the followings:

1-How was the estimating process organized?

2-What types of estimate forms were used?

3-How was the procedure used for quantity takeoff?

4-In what format the quantity takeoff was carried out?

5-How were the prices obtained and in what format?

6-How were the general conditions treated?

7-How was the home office overhead covered?

8-How was the profit estimated?

9-How they make the calculation and come up with the total estimate.

Please support your answers to the above questions with copies of the contractor’s estimating forms.

Answer 1