About: Construction bidding

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Construction bidding is the process of submitting a proposal (tender) to undertake, or manage the undertaking of a construction project. The process starts with a cost estimate from blueprints and material take offs.

Attributes	Values
rdf:type	Election
rdfs:label	Construction bidding (en)
rdfs:comment	Construction bidding is the process of submitting a proposal (tender) to undertake, or manage the undertaking of a construction project. The process starts with a cost estimate from blueprints and material take offs. (en)
dcterms:subject	Construction
Wikipage page ID	14269616 (xsd:integer)
Wikipage revision ID	1121866164 (xsd:integer)
Link from a Wikipage to another Wikipage	Blueprints Architect Insolvency Presales Contract General contractor NEC Engineering and Construction Contract Construction estimating software Construction management Subcontractor Statement of work Procurement Request for tender Construction Cost estimate Bill of quantities Institution of Civil Engineers Material take off Reimbursement Flat rate
sameAs	Construction bidding Construction bidding Construction bidding
dbp:wikiPageUsesTemplate	dbt:More_citations_needed dbt:Reflist dbt:Construction_overview
has abstract	Construction bidding is the process of submitting a proposal (tender) to undertake, or manage the undertaking of a construction project. The process starts with a cost estimate from blueprints and material take offs. The tender is treated as an offer to do the work for a certain amount of money (firm price), or a certain amount of profit (cost reimbursement or cost plus). The tender, which is submitted by the competing firms, is generally based on a bill of quantities, a bill of approximate quantities or other specifications which enable the tenders to attain higher levels of accuracy, the statement of work. For instance, a bill of quantities is a list of all the materials (and other work such as amount of excavation) of a project which have sufficient detail to obtain a realistic cost, or rate per described item of work/material. The tenders should not only show the unit cost per material/work, but should also if possible, break it down to labour, plant and material costs. In this way the individual who is selecting the tender will be quite confident that the tender is feasible. Bids are not only chosen on cost alone. Sometimes contractors submit lower tenders to win the contract and win the work. Either the costs that the contractor incurs are greater than the price he is charging the client (as a consequence of a lower tender determining the contract sum), and thus is likely to go insolvent, or he will claim for "loss and/or expense" due to discrepancies in the contract documents (this can be done deliberately). The lowest tender is not always a feasible tender. In addition to the bid number, the contractor must be technically qualified and carry liability insurance. The lowest tender is the most likely to increase the contract sum the most throughout the course of the project. (en)
gold:hypernym	Process
prov:wasDerivedFrom	wikipedia-en:Construction_bidding?oldid=1121866164&ns=0
page length (characters) of wiki page	7074 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Construction_bidding
is rdfs:seeAlso of	Design–bid–build
is Link from a Wikipage to another Wikipage of	California State Route 52 California State Route 56 California State Route 67 California State Route 75 California State Route 76 California State Route 78 Belgrade–Bar motorway Rio Olympic Velodrome Utah State Capitol E-procurement Index of construction articles Invitation to tender Pre-construction services Construction General contractor Greater Bangkok commuter rail Construction estimating software Operational bill Zoo Interchange Project Labor Agreement Bacolod–Silay Airport Washington State Route 99 Proposal (business) Interstate 8 Interstate 805 Cost contingency Cost estimate Atlantic City–Brigantine Connector Bid bond Suicide bidding Dorchester Heights Monument Split Suburban Railway ISqFt Servicio de Transportes Eléctricos National Route 1 (Argentina) Vendor bid analysis Outline of construction Selection in planning Bidding (construction)
is Wikipage redirect of	Bidding (construction)
is foaf:primaryTopic of	wikipedia-en:Construction_bidding

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