The reasons for differences in calculations in investor’s and contractor’s estimations
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The occurrence of differences between the employer’s estimate and the bid quotation is widespread and difficult to avoid. The differences between the investor’s and contractor’s calculations are often quite significant. This article analyses the differences between the value of the contract and the bid submitted for construction work carried out on a multi-storey buildings in 2013. An attempt was also made to analyse the reasons for such differences, providing possible ways to solve the problem.
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