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OVERHEAD COSTS AND PROFIT CALCULATION BY POLISH CONTRACTORS
Technological and Economic Development of Economy
The main criterion taken into consideration when choosing a contractor is the bid price that the contractor suggests. The basis for determining such a price are the direct costs connected with works realization as well as mark-ups, mainly overhead costs and profit. Overhead costs and profit constitute a considerable part of the bid price and their improper calculation can significantly influence the financial situation of the company. In literature and in practice one can find many definitionsdoi:10.3846/20294913.2012.763008 fatcat:lf6355eyhjaollvvmxu5sng6lu