[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-241827-105":53,"doc-detail-241827-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","bidding-and-estimating-chapter-survey","Bidding and Estimating - Chapter Survey","","Bidding and Estimating explains how construction contractors decide whether to submit a bid and how to build accurate cost estimates. It covers key assessment questions such as available company resources, site-specific considerations, cost effectiveness by location, risk management, and expected profitability. The text details what bid packages include, how to handle addenda, and the importance of accurate submission. 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If a job is estimated correctly, the contractor has a good chance at getting the job and making money. If the job is poorly estimated, the contractor may lose the bid or win the bid and lose money on the project.  \nThe estimator must ask these questions when assessing whether to bid or not bid a project.  \nü Company Resources and Type of Work: Does our company have the resources to perform this work? Is this project consistent with the type of work we do?  \nü Site Considerations: Are there any special site considerations that we need to consider? Do the site conditions create any additional costs for our company?  \nü Location and Cost Effectiveness: How can we do the work efficiently and in the most cost effective manner? Does the location present special  \nconsiderations and added cost through travel time and limited accessibility?  \nü Risk Assessment: What are the risks and how will we manage them?  \nü Profitability of Project: What is our profit margin on this work?  \nIf you know you cannot complete the job on time or there is a chance you could lose money on the project, we recommend that you do not bid the job. The jobs you choose should contribute to your long-term goals and the reputation you want your company to have in the market.  \nBid Documents  \nIn a competitive bid situation, a bid package is often put together that includes:  \nü An invitation to bid that gives a brief overview of the project, deadlines, and general requirements  \nü Bid instructions that contain specifics of how the bid should be completed and submitted  \nü Bid forms, including but not limited to items such as a bid sheet, bid schedule, bidder’s questionnaire on experience, financial responsibility and capability, and a copy of the contract  \nü Supplements, including items important to the overall bid process such as a property survey and soil analysis  \nIt is important to follow all the instructions in the bid package carefully and submit all documents according to the required specifications. Bidders may not respond if information is incorrectly submitted or omitted altogether.  \nPre-bid meetings may also be scheduled, especially for larger projects. In a pre-bid meeting, the project specifications and any changes to the bid package are discussed.  \nArkansas Requirements:  \nArkansas Contractor Licensing Law requires that contractors be properly licensed before submitting a bid for work valued at $50,000 or more including labor and materials. The $50,000 requirement does not apply to subcontractors on residential projects.  \nIf changes are made to a bid package before it is due, an addendum is issued. The addendum becomes part of the bid documents and, ultimately, part of the contract when awarded. It is important to carefully review all addenda to evaluate the impact on your bid. Changes in plans and specifications may affect your bid pricing or even your decision to bid at all.  \nCarefully evaluate whether bidding on a project is the right decision for your company.  \nEthics in Bidding  \nGood ethical conduct is necessary to maintain the integrity of the bidding process. The situations listed below are not only a poor way to do business, but some state statutes forbid these practices on public projects.  \nü Bid Shopping  \nBid shopping occurs when the general contractor approaches subcontractors other than those who have submitted bids to seek a lower offer than what was quoted in original bids. In this situation, the general contractor reveals the original bids submitted and tries to reduce the price.  \nü Bid Peddling  \nBid peddling occurs w","cbCaii6Q80A8jjW4","https://ap.wps.com/l/cbCaii6Q80A8jjW4","pdf",813132,9,"English","# Chapter Survey\n## Bid Documents\n## Ethics in Bidding\n## Estimate Planning\n## Estimating Framework\n## Determining Estimated Costs\n## Other Methods of Estimating\n## Estimating Pitfalls\n## Using an Estimator\n## Submitting Your Bid\n## Job Cost Recording System\n## Technology Tools for Estimating","[{\"question\":\"What factors should an estimator evaluate before deciding to bid?\",\"answer\":\"The estimator should review company resources and whether the project matches the company’s type of work, assess site conditions that may add cost, consider location and cost effectiveness, evaluate risks and risk management, and confirm the project’s expected profit margin.\"},{\"question\":\"What typically is included in a competitive bid package?\",\"answer\":\"A bid package often includes an invitation to bid, bid instructions, bid forms (such as bid sheets and bidder questionnaires), and supplements like property surveys and soil analysis.\"},{\"question\":\"What ethical issues are described in bidding practices?\",\"answer\":\"The text highlights bid shopping, bid peddling, and bid rigging as unethical behaviors that undermine bidding integrity and may be prohibited by statutes on public projects.\"}]","Bidding and Estimating - Chapter Survey | PDF",1789181638]