Publisher's Synopsis
Excerpt from An Estimate of the Cost of Lincoln Hall: Thesis
The object of this thesis is not to make a check on the bid of the general contractor, but to become more thoroughly acquainted with the methods of estimating the cost of buildings in the same class with Lincoln Hall.
In attacking a problem of this kind the best method applicable is that used by the general contractor. By that we mean estimating that portion of the work that the general contractor does himself in more or less detail and approximating the rest. Under general contract work the larger part of the work is done by sub - contractors working for the general con - tractor. In making up his bid the general contractor summarizes the bids of his sub - contractors and his own and then adds a certain per cent, usually Ten, for his profit, the grand total being his bid for the work.
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