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 insurance cost and the financial cost itself. This post examines the costs and types of insurances and sureties of bond…
How to Calculate Overhead Costs in Construction Projects
How to Calculate Overhead Costs in Construction Projects.
A comprehensive guide to determining overhead costs for construction and industrial assembly companies…
How to Estimate Other Indirect Costs of the Project
How to estimate other indirect costs of the Project.
Analysis of the items to which the estimator assigns a defined cost.
How to Calculate Indirect Labor
How to Calculate Indirect Labor in Construction.
Labor not assigned to a specific task or process is called indirect labor.
Total indirect labor in a construction company is the sum of:
