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COST ESTIMATING, GMP SUBMITTAL, AND SCHEDULES OF VALUES DOCUMENT NUMBER: 00500 APPLICATION: ELEMENTARY, MIDDLE AND HIGH SCHOOL DATE OF ISSUE: 081916 Revised GMP Breakdown requirements 100515 Revised

How to fill out cost estimating gmp submittal

How to fill out cost estimating gmp submittal:

1. Gather all necessary project information such as plans, specifications, and any relevant cost data.
2. Identify the scope of work for the project and determine the labor, materials, and equipment required.
3. Create a detailed breakdown of costs, including direct costs (such as labor and materials) and indirect costs (such as overhead and profit).
4. Utilize accurate and up-to-date pricing information to estimate the cost of each component.
5. Review the estimate for any errors or omissions and make necessary revisions.
6. Present the estimated costs in a clear and organized format, ensuring all necessary documentation is included.
7. Submit the cost estimating gmp submittal to the required party, whether it be a client, contractor, or project manager.
8. Follow up and address any questions or concerns that may arise during the review process.

Who needs cost estimating gmp submittal:

1. Clients: Clients require a cost estimating gmp submittal to have a clear understanding of the projected costs for a construction project. This helps them make informed decisions regarding budgeting and financing.
2. Contractors: Contractors need a cost estimating gmp submittal to provide an accurate estimate of the overall project cost. This helps them plan and allocate resources effectively.
3. Project Managers: Project managers rely on the cost estimating gmp submittal to track and manage project costs. It helps them monitor the project's financial health and make necessary adjustments as needed.

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What is cost estimating gmp submittal?

Cost estimating GMP submittal is a process where contractors provide an estimate of the total cost of a construction project based on the Guaranteed Maximum Price (GMP) that has been agreed upon.

Who is required to file cost estimating gmp submittal?

Contractors are required to file cost estimating GMP submittal for construction projects.

How to fill out cost estimating gmp submittal?

Cost estimating GMP submittal can be filled out by providing detailed breakdowns of costs for labor, materials, equipment, and other project expenses.

What is the purpose of cost estimating gmp submittal?

The purpose of cost estimating GMP submittal is to ensure that the project can be completed within the agreed-upon budget.

What information must be reported on cost estimating gmp submittal?

Cost estimating GMP submittal must include detailed cost estimates for all aspects of the construction project, as well as any requested changes to the original GMP.