How many times have you bid a project and know that your price is the best price on the street? And how many times have you bid a project and then an auction sale starts after bids are opened and the project is awarded? It’s OK if you are asked for value engineering ideas after [...]
It leads to unnecessary disputes between the owner and contractor over how much is to be paid.
These can also are recognized as Estimate Level 1 through Level 4 based upon the approximate completion status of the design. These represent industry recognized points in the design that are used to track the progress of the design, and of course, the costs of the project.
