This bid package summarizes key details about the project in order to give contractors all of the information they need to make accurate estimates and produce a proposed schedule and budget for the project. The process begins with the owner, or project sponsor, creating bid documents, which are collectively referred to as a bid package. Typically, for large construction projects, companies and governments accept bids from many different contractors and then decide which contractor will perform the project. These bids summarize the costs that the contractor expects to pay for the development of the structure or infrastructure.
Understanding Construction Estimating for GC’s & BuildersĬonstruction estimating is part of the construction bidding process, during which contractors and builders submit proposals, or bids, to project owners, offering to provide services or supplies for a construction project. States Investing the Most in New Housing.Cities Investing the Most in New Housing.Construction Project Management Software.Owner Controlled Insurance Programs (OCIP).
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