Tag: Hard Costs
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Estimates, Bids and Proposals – Differences Among Offers in Construction
Estimates, bids and proposals are terms used to present a dollar value associated with construction work. The terms are NOT interchangeable.
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Estimating in Construction – Part V (Cost Drivers and Application Principles)
The core tenet of estimating in construction is that each estimate is unique. This uniqueness is driven by hard costs of construction.
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Estimating in Construction – Part IV (Concepts, Tenets, and Principles)
With estimating in construction, well developed, accurate and timely estimates are the best tool ensuring profitability in the construction industry.
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Hard and Soft Costs With Construction
A contractor must understand the difference between hard and soft costs in order to properly markup assignable costs to determine the final sales price.