Your company submitted a bid of $1,263,000 the West Side Retirement Home on May 15, 2013. Your estimated total construction costs were $1,205,068. The bid results were as follows: ABC Contractor $1,269,999 XYZ Contractor $1,267,425 What data would your record in your database for each of these contractors?
What will be an ideal response?
The estimated profit markups are as follows:
ABC = $1,269,999/$1,205,068 – 1 = 0.0539 or 5.39%
XYZ = $1,267,425/$1,205,068 – 1 = 0.0517 or 5.17%
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