With 10,000 per day who would be the apparent low bidder; Bidder A was $500,000 and estimated completion date of 200 days. Bidder B was $540,000 and a completion day and estimated completion date of 180.

1. Bidder B

2. Bidder A

Question

Engineering

Angel Lam

1 April, 15:51

With 10,000 per day who would be the apparent low bidder; Bidder A was $500,000 and estimated completion date of 200 days. Bidder B was $540,000 and a completion day and estimated completion date of 180.

1. Bidder B

2. Bidder A

+2

Answers (1)

Know the Answer?

Jonathon Hurst · Answer 1

Bidder B is the lower bidder. the option (A) is correct

Explanation:

Solution

Given that:

Bidder A = $500,000

The estimate completion time = 200 days

Bidder B = $540,000

The estimate completion time = 180 days

Overhead charges = $10,000/day

Now,

The Total Bid of A (including overhead charges) = 500,000 + 200 * 10000

= 500,000 + 2000000

=$2,500,000

The Total Bid for B (Including overhead charges) = 540,000 + 180 * 10000

=540,000 + 1,800,000

=$2340000

Hence Bidder B is apparently a low bidder, since the Total Bid of B is lower than the Total Bid of A.

With 10,000 per day who would be the apparent low bidder; Bidder A was $500,000 and estimated completion date of 200 days. Bidder B was $540,000 and a completion day and estimated completion date of 180.1. Bidder B2. Bidder A

With 10,000 per day who would be the apparent low bidder; Bidder A was $500,000 and estimated completion date of 200 days. Bidder B was $540,000 and a completion day and estimated completion date of 180.

1. Bidder B

2. Bidder A