How to make a Reliable Winning Bid.
For a construction and industrial assembly company to be financially viable, it must achieve positive economic results in the work or services it provides.
When the awarded project has its origin in a bid with errors, the project will not be profitable…
How to Calculate the Hourly Cost of a Pickup Truck
Example of How to Calculate the Hourly Cost of a Pickup Truck.
In this example, we are going to calculate the cost per hour of a Ford F150 4×4 6-cylinder truck.
We should note that the reader should substitute the values used in this example to adapt them to those in effect in his or her region…
Example of Direct Labor
Example of direct labor. Calculation of the labor required to execute a reinforced concrete base.
In this example, we are calculating the labor hours required to build a reinforced concrete foundation…
Tax for Construction Contractors
Tax for Construction Contractors.
In this publication we summarize the type of taxes that will apply to tenders in the construction sector…
How to Calculate Profit Margin
How to Calculate profit margin for a Construction Project.
We define the profit or benefit as the income remaining after we pay all expenses…
How to Calculate Contingency Reserve
How to Calculate Contingency Reserve.
Owners or Company project managers analyze and defining contingency reserves.
In the construction industry, a contingency is a future event that can happen and is potentially negative.
Therefore, contingency reserves are sums of money that are added to a bid estimate to cover these uncertain events…
How to Calculate the Financial Cost of the Offer
How to Calculate the Financial Cost of the Offer.
It comprises all disbursements in terms of monetary units for interest, commissions, and other expenses arising from taking loans from financial institutions…