Construction Bid List
A construction bid list is the property owner's list of bidders and their submitted prices. The construction bid list is usually released by the owner to the competing contractors after a winner is determined, so that the contractors can see where their bids stacked up.
During the traditional bid process, construction project estimating covers the amount it would cost a general contractor to build a project, pay its employees and make a small percentage of profit. The estimate covers the cost of items like concrete for the foundation, cables for electrical wiring, flooring, plumbing, carpentry and HVAC (heating, ventilation and air conditioning). In this case, construction project estimating does not cover the cost of building or project design, as an architect has been hired by the property owner through a separate contract process. That total is what appears on the construction bid list.
In the design-build process, construction project estimating is more involved. In this process, an architect and general contractor combine as a team and present a building or project design and construction contractor services in one proposal. The design-build process is used by those who believe an architect-contactor team with a past history of working together would be more efficient and, as a result, cheaper than an architect and contractor working together for the first time. This combination of items is the price found on the construction bid list.
Construction project estimating done as part of a construction manager at-risk (CM at-risk) project falls in between the two. The architect is hired separately from the general contractor, but the contractor is involved in the project from the pre-construction process all the way through completion. The estimate comes in the form of a guaranteed maximum price, which covers all services rendered from pre-construction through the building process, and the tally found on the construction bid list.
The work of construction project estimating is now largely done by computer programs, which are able to complete the process more quickly and efficiently than a human estimator operating alone. There are a number of programs that can break down cost estimates into subsections, as well as delivering the overall total price.
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