Planning for Profit

Any contractor who agrees to supply materials or to perform services for a sum, is well aware of the importance of proper pre-bid information. Being able to properly plan costs and methods results in profits that allow the contractor to prosper. The paper discusses procedures used in estimating pre-bid cost; in particular, drilling and blasting cost for highways, dams and general construction projects. It breaks cost down into five categories and relates them to a total estimate used in bidding and budgeting a construction project.