A SCIENTIFIC APPROACH TO BIDDING: RANGE ESTIMATING

This paper presents a new procedure for estimating, which is referred to as "range estimating" and is considered to be a means of overcoming the inadequacy of the conventional method of estimating. A discussion is included on how to apply range estimating and its reliability. With the use of computers the process becomes "a two second task." It is concluded that, "With range estimating, the competitive bidder improves his chances of submitting the lowest bid-with assurance of making a predetermined minimum profit."

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/2642359
• Corporate Authors:

  Associated General Contractors of America

  2300 Wilson Boulevard, Suite 400
  Arlington, VA  United States  22201
• Authors:
  • Curran, M
• Publication Date: 1975-1

Media Info

• Features: Figures; Tables;
• Pagination: p. 27-33
• Serial:
  • Constructor
  • Volume: 62
  • Issue Number: 1
  • Publisher: Associated General Contractors of America
  • ISSN: 0162-6191

Subject/Index Terms

• TRT Terms: Bids; Construction industry; Contracts; Estimating; Information processing; Reliability
• Subject Areas: Administration and Management; Construction; Highways;

Filing Info

• Accession Number: 00082878
• Record Type: Publication
• Files: TRIS
• Created Date: Mar 26 1975 12:00AM