Explain underestimates of quantities of work

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Reference no: EM13115100

In depth evaluation of a bidder's proposal can uncover indicators or signs of risk. Such factors include:

1.Underestimates of quantities of work

2.Underestimates of the complexity of the work

3.Schedule delays that are the responsibility of the bidder

4.Underestimates of increases in wage rates

5.Underestimates of material prices

6.Underestimates of the amount and types of equipment required to perform the contracted work

Take one item and describe in detail. (100 words or more)

Reference no: EM13115100

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