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  2. Construction estimating software - Wikipedia

    en.wikipedia.org/wiki/Construction_estimating...

    Construction estimating software. Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract.

  3. Contract - Wikipedia

    en.wikipedia.org/wiki/Contract

    An invitation to offer is defined as "a manifestation that a person expects another person to make an offer" and the code specifically provides that "Auction announcements, bidding announcements, stock prospectuses, bond prospectuses, fund prospectuses, commercial advertisements and promotions, mailed price catalogs, and the like, are ...

  4. Construction bidding - Wikipedia

    en.wikipedia.org/wiki/Construction_bidding

    Construction bidding. Construction bidding is the process of submitting a proposal ( tender) to undertake, or manage the undertaking of a construction project. The process starts with a cost estimate from blueprints and material take offs . The tender is treated as an offer to do the work for a certain amount of money (firm price), or a certain ...

  5. Invitation to tender - Wikipedia

    en.wikipedia.org/wiki/Invitation_to_tender

    Invitation to tender. An invitation to tender ( ITT, also known as a call for bids [ 1] or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who ...

  6. Construction management - Wikipedia

    en.wikipedia.org/wiki/Construction_management

    Construction cost management is a fee-based service in which the construction manager (CM) is responsible exclusively to the owner, acting in the owner's interests at every stage of the project. The construction manager offers impartial advice on matters such as: Optimum use of available funds.

  7. Design–bid–build - Wikipedia

    en.wikipedia.org/wiki/Design–bid–build

    Design–bid–build (or design/bid/build, and abbreviated D–B–B or D/B/B accordingly), also known as Design–tender (or "design/tender"), traditional method, or hardbid, is a project delivery method in which the agency or owner contracts with separate entities for the design and construction of a project. Design–bid–build is the ...

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