Building Information Management
MAY 3, 2012
Construction estimating involves the estimating of material, labor, equipment, overhead/profit and contingencies. White Paper – Cost Estimating Evolution .
Building Information Management
SEPTEMBER 18, 2015
The contractor’s coefficient is based on cost elements such as overhead, profit, minimum design costs, G&A expenses, bond premiums, and gross receipt taxes. Interagency usage can serve to reduce the overhead associated with multiple acquisitions. These contracts have much of their pricing determined by pre-award competition.
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