210 How much money is the contractor investing in an adverti

2.10 How much money is the contractor investing in an advertised project available for bid at the time of:

Solution

a.Going to the A/E’s office or checking the web to look at the plans and specifications?

The travelling cost and a small amount of time will be invested by a contractor. Until the contractor decides to bid, its commitment in terms of money and time will increase.

b.Deciding to acquire a set of the drawings for further consideration?

If the contractor decides to take the drawings to his home office before he decides to bid, then he would invest on the costs mentioned above plus the purchase of each set of plans. If however the contractor uses online plan room, then he would only expenseon the subscription purchase necessary to view the plans and specifications and some of his time to review.

c.Deciding to make initial quantity-take off?

It would cost the contractor any or all of the above mentioned (from a and b) plus other additional costs such as telephone charges related to obtaining quotations from subcontractors and vendors,and the administrative costs of getting these quotations in writing.Also the contractor would need to invest more of his time if ever he decides to submit a bid.

d.Full preparation of bid for submittal?

All of the above costs mentioned will be invested, in addition, time and effort expensed to develop a bid or bid preparations cost and a bond fee. Devoting more of his time to come up with an accurate bid is also very important.