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- Construction_bidding abstract "Construction bidding is the process of submitting a proposal (tender) to undertake, or manage the undertaking of a construction project. The process starts with a cost estimate from blueprints and material take offs.The tender is treated as an offer to do the work for a certain amount of money (firm price), or a certain amount of profit (cost reimbursement or cost plus). The tender which is submitted by the competing firms is generally based on a bill of quantities, a bill of approximate quantities or other specifications which enable the tenders attain higher levels of accuracy, the statement of work.For instance, a bill of quantities is a list of all the materials (and other work such as amount of excavation) of a project which have sufficient detail to obtain a realistic cost, or rate per described item of work/material. The tenders should not only show the unit cost per material/work, but should also if possible, break it down to labour, plant and material costs. In this way the individual who is selecting the tender will be quite confident that the tender is feasible. Bids are not only chosen on cost alone. Sometimes contractors submit lower tenders to win the contract and win the work. Either the costs that the contractor incurs are greater than the price he is charging the client (as a consequence of a lower tender determining the contract sum), and thus is likely to go insolvent, or he will claim for \"loss and/or expense\" due to discrepancies in the contract documents (this can be done deliberately). The lowest tender is not always a feasible tender. The lowest tender is the most likely to increase the contract sum, the most throughout the course of the project.".
- Construction_bidding wikiPageID "14269616".
- Construction_bidding wikiPageLength "11441".
- Construction_bidding wikiPageOutDegree "16".
- Construction_bidding wikiPageRevisionID "700543017".
- Construction_bidding wikiPageWikiLink Architect.
- Construction_bidding wikiPageWikiLink Blueprint.
- Construction_bidding wikiPageWikiLink Category:Construction.
- Construction_bidding wikiPageWikiLink Construction_estimating_software.
- Construction_bidding wikiPageWikiLink Cost_estimate.
- Construction_bidding wikiPageWikiLink Design–bid–build.
- Construction_bidding wikiPageWikiLink Design–build.
- Construction_bidding wikiPageWikiLink ISqFt.
- Construction_bidding wikiPageWikiLink Institution_of_Civil_Engineers.
- Construction_bidding wikiPageWikiLink Material_take_off.
- Construction_bidding wikiPageWikiLink NEC_Engineering_and_Construction_Contract.
- Construction_bidding wikiPageWikiLink Presales.
- Construction_bidding wikiPageWikiLink Procurement.
- Construction_bidding wikiPageWikiLink Request_for_tender.
- Construction_bidding wikiPageWikiLink SmartBidNet.com.
- Construction_bidding wikiPageWikiLink Statement_of_work.
- Construction_bidding wikiPageWikiLinkText "Bidding".
- Construction_bidding wikiPageWikiLinkText "Construction bidding".
- Construction_bidding wikiPageWikiLinkText "Formal bids".
- Construction_bidding wikiPageWikiLinkText "awarded".
- Construction_bidding wikiPageWikiLinkText "bid price".
- Construction_bidding wikiPageWikiLinkText "bid solicitation".
- Construction_bidding wikiPageWikiLinkText "bid".
- Construction_bidding wikiPageWikiLinkText "bidding phase".
- Construction_bidding wikiPageWikiLinkText "bidding process".
- Construction_bidding wikiPageWikiLinkText "bidding".
- Construction_bidding wikiPageWikiLinkText "constructed by Tender".
- Construction_bidding wikiPageWikiLinkText "construction bidding".
- Construction_bidding wikiPageWikiLinkText "supply bidding process".
- Construction_bidding wikiPageWikiLinkText "tendered".
- Construction_bidding wikiPageUsesTemplate Template:Underlinked.
- Construction_bidding wikiPageUsesTemplate Template:Unreferenced.
- Construction_bidding subject Category:Construction.
- Construction_bidding hypernym Process.
- Construction_bidding type Election.
- Construction_bidding comment "Construction bidding is the process of submitting a proposal (tender) to undertake, or manage the undertaking of a construction project. The process starts with a cost estimate from blueprints and material take offs.The tender is treated as an offer to do the work for a certain amount of money (firm price), or a certain amount of profit (cost reimbursement or cost plus).".
- Construction_bidding label "Construction bidding".
- Construction_bidding sameAs Q5164444.
- Construction_bidding sameAs m.03czs0j.
- Construction_bidding sameAs Q5164444.
- Construction_bidding wasDerivedFrom Construction_bidding?oldid=700543017.
- Construction_bidding isPrimaryTopicOf Construction_bidding.