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23 Cards in this Set
- Front
- Back
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Components included in the construction bid ammount
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line item pricing
Allowance Market conditions |
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Components included in construction Contract Amount |
construction bid amount Sales tax |
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Components of construction cost |
crew costs miscellaneous hard costs contract amount |
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components of the base cost |
property acquisition cost soft costs construction costs
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components of total cost |
management reserve contingency reserve base cost |
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components of total cost projection |
inflation total cost |
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components of hard costs |
line item pricing allowances market conditions sales tax hard costs crew costs |
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components of reserves |
contingency reserve management reserve inflation |
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Canon 1 |
perform services in your area of discepline and competence |
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Canon 2 |
continue to expand your professional capabilities |
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Canon 3 |
conduct yousself in a mannedr to promote cooperation and good relations
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Canon 4 |
kepp confidential all business affairs and procedures |
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Canon 5 |
conduct yourself with integrity at all times |
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Canon 6 |
put as much effort and knowledge into every estimate you do |
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Canon 7 |
Do not bid peddle |
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Canon 8 |
do not commit acts of collusion; bid rigging |
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Canon 9 |
do not participate in the giving or receiving of gifts |
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design estimates |
screening estimates preliminary estimates detailed estimates engineers estimates |
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Bid estimates components |
subcontractor quotations quantity takeoffs construction procedures |
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control estimates |
budget estimate for finance estimated cost of completion |
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conceptual estimates |
11% - 20% accuracy rough estimate |
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semi-detailed estimate |
5% - 10% accuracy budget estimate |
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Detailed estimate |
with 5% accuracy used for bidding and negotiation |
