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CITY OF YONKERS / YONKERS PUBLIC SCHOOLS PURCHASING DEPARTMENT One Larkin Center Yonkers, New York 107013888BID N: Bid Opening Date: Total Bids Rec\'d. Item:RFB706612/8/2023 1 RFB7066 Chemical Treatment

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How to fill out lump sum base bid

01

Start by reviewing the project documents and specifications provided by the client.

02

Identify all the items of work that need to be completed as part of the project.

03

Gather estimates for labor, materials, and any other costs associated with each item of work.

04

Organize the costs into a comprehensive list, ensuring all items are accounted for.

05

Prepare a total cost estimate by summing all individual item costs to arrive at a lump sum price.

06

Double-check calculations for accuracy.

07

Complete any required forms or documentation that accompanies the bid submission.

08

Submit the lump sum base bid by the designated deadline to the appropriate parties.

Who needs lump sum base bid?

01

Construction contractors who are bidding on projects.

02

Clients or project owners looking for a fixed price for their construction needs.

03

Architects and engineers who require a clear project cost estimate.

04

Financial institutions for project funding assessment.

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What is lump sum base bid?

A lump sum base bid is a single, fixed price offered by a contractor to complete a specific project without additional costs unless agreed upon beforehand.

Who is required to file lump sum base bid?

Contractors who are bidding for projects, especially in construction and public works, are required to file a lump sum base bid.

How to fill out lump sum base bid?

To fill out a lump sum base bid, vendors must specify the total cost for completing the project, including all labor, materials, and overhead, and submit it in the prescribed format required by the awarding authority.

What is the purpose of lump sum base bid?

The purpose of a lump sum base bid is to provide a clear and concise proposal amount for a project, facilitating the evaluation and comparison of bids from different contractors.

What information must be reported on lump sum base bid?

Information typically required includes the total bid amount, itemized costs, project breakdown, contractor's details, and relevant licenses or qualifications.

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