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N O n long-term construction projects it s critical for contractors to have systems in place to accurately estimate the cost to complete CTC. Imc-cpa.com /USA G eneral contractors can no longer afford to just award subcontracts to the lowest bidder. As with a lump-sum estimate the result determines the total project cost. Your estimator however segregates expenses according to each line item s unit price. Misjudging CTC comes at a steep price Failure to understand a project s true CTC can...
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Prequalification reduces help streamline the application process.
Who is required to file prequalification reduces?
Contractors and subcontractors are required to file prequalification reduces.
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Information such as financial statements, project experience, and references must be reported on prequalification reduces.
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