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…
How to Calculate Insurance Cost
How to Calculate Insurance Cost.
The estimation of financial costs in an economic proposal includes the cost of insurance and the financial cost itself. This post examines the costs and types of insurance and sureties of bond…