Titlebook: Estimating, Tendering and Bidding for Construction Work; Adrian J. Smith Textbook 1995Latest edition Macmillan Publishers Limited 1995 com

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Estimating, Tendering and Bidding for Construction Work

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Estimating, Tendering and Bidding for Construction Work

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https://doi.org/10.1007/978-3-322-87851-9The terms ‘consortium’ and ‘joint venture’ are often used in connection with construction work, particularly for large and/or complex projects, many of which are located in the less developed areas of the world. Involvement in such projects may pose particular problems for construction contractors because:

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Unit Rate Estimating,The estimating and cost forecasting techniques previously considered have relied mainly on the use of historical cost data to attempt to predict likely costs at an early stage of design. As the design develops, however, contractors will usually try, as far as possible, to use analytical estimating methods using current cost data as a base.

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