To Determine the Price to Charge for the Project, the Contractor

question 83

Multiple Choice

To determine the price to charge for the project, the contractor should

• A) estimate the costs at a detailed level to make the most accurate estimate.
• B) add in extra amounts to overprice the project and make an extra profit.
• C) cut the estimates to a small profit to show how much less expensive the contractor is than other bidders.
• D) use the same prices as the actual costs of projects that were similar in duration.