Research Article
Dec 1982
Bid Markup Calculation by Crew-Day Method
Publication: Journal of the Construction Division
Volume 108, Issue 4
Abstract
A method for the calculation of bid markup to be used by contractors is developed which relates to the capacity of a firm during a given time period and to its particular financial goals. Capacity is measured for these purposes by normally available crew-time in a calendar period rather than in dollars, thus acknowledging the variation in dollar production achievable by one crew doing various types of work. It is demonstrated that setting markup by straight percent methods can fail to produce desired financial goals.
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Published In
Journal of the Construction Division
Volume 108 • Issue 4 • December 1982
Pages: 520 - 530
Copyright
© 1982 American Society of Civil Engineers.
History
Published in print: Dec 1982
Published online: Feb 11, 2021
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Authors
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Richard C. Ringwald
Asst. Prof., Construction Engrg., Iowa State Univ., Ames, Iowa 50010
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ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.