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Carter School of Estimating - Courses
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Introduction – Quiz
Why is it a bad idea to itemize bid proposals with specific numbers?
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It makes the proposal longer and harder to read.
It increases the risk of the GC or owner shopping your bid for better prices.
It complicates the calculation of overhead.
It raises the chance of underestimating materials.
Which phase involves measuring and calculating quantities of items on a project?
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Discovery
First Check
Takeoff
Final Check
Bid Price
Why is the second check phase considered the most important in estimating?
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It is when material costs are calculated.
It is the last chance to ensure accuracy before bid submission
It involves negotiating with the GC or owner.
It includes gathering project specifications.
What is included in overhead costs?
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Only direct labor wages
Materials and supplies
Rent, utilities, insurance, and salaries not directly involved in the project
Profit margins
Estimators should focus on winning bids by offering the lowest possible price to outbid competitors.
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True
False