Bid markup calculation by crew-day method
Authors
Citation
Asian Architect & Contractor, v.13, no.3, 1983, pp. 19-23
Abstract
Abstract: A method for the calculation of bid markup to be used by contractors is developed which relates to the capacity of a firm during a given time period and to its particular financial goals. Capacity is measured for these purposes by normally available crew-time in a calendar period rather than in dollars, thus acknowledging the variation in dollar production achievable by one crew doing various types of work. It is demonstrated that setting markup by straight per cent methods can fail to produce desired financial goals.
(1) Friedman/Gates methods: commentary
(a) Fundamentals of crew-day bidding
(b) Comparison of crew-day and percent bidding by examples
(c) Competitors' impact on markup
(d) Effect of risk
(e) Crew-day bidding in "real world"
(f) Conclusion
(g) Acknowledgement
Description
Subject
Type
Article
Format
Date
1983
Language
en