You are an estimator at Eagle Construction and recently bid against Southern Construction Compant for a retaining wall project in Statesboro. Your construction cost was $1,125,572, and you added a 6% profit and overhead markup. The total bid price became $1,193,106. The Southern bid was $1,179,999. What profit and overhead markup would you need to add (or deduct) to your construction costs to get Southern's bid? Deduct 1.16% Add 1.16% Deduct 4.84% Add 4.84%

You are an estimator at Eagle Construction and recently bid against Southern Construction Compant for a retaining wall project in Statesboro. Your construction cost was $1,125,572, and you added a 6% profit and overhead markup. The total bid price became $1,193,106. The Southern bid was $1,179,999. What profit and overhead markup would you need to add (or deduct) to your construction costs to get Southern's bid? Deduct 1.16% Add 1.16% Deduct 4.84% Add 4.84%

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 13E

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