Planning & EstimatingQuestion 416 of 521
A complete bid price for an electrical project generally consists of which of the following?
a.Material, labor, overhead, and profit
b.Labor only
c.Material only
d.Permit fees only
Explanation
A full bid adds up direct material, direct labor, overhead (indirect business costs), and profit. Leaving out any of these, such as bidding labor or material alone, would not cover the true cost of doing the work.
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