Bid Item Format

Question 1

What are the two bid item formats?

Answer 1

1) Lump Sum Bid

2) Schedule of Bid Item Bid

Question 2

What is the difference between the two formats?

Answer 2

The Schedule of Bid Item bid is more restricted

Question 3

List the horizontal breakdown:

Answer 3

• two labor components: labor & repair service labor
• two material components: permanent material & expendable material
• subcontractors
• equipment operating expense
• rental

Question 4

List the vertical breakdown:

Answer 4

• Direct Cost
• Indirect Cost
• Escalations
• Interest
• Contingency
• Markup
• Bond Fee