Articlegold2013

OVERHEAD COSTS AND PROFIT CALCULATION BY POLISH CONTRACTORS

37 citations0/0 files storedTechnological and Economic Development of Economy

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Construction Project Management and Performance Accounting and Organizational Management Accounting and Financial Management

Abstract

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 definitions and ways of determining overhead costs and profit. The article presents research results concerning defining and calculating overhead costs and profit by Polish contractors, carried out twice – in 2004 and 2010. They were compared with similar studies performed in other countries. The article also presents mathematical methods created by the authors, by means of which overhead costs and profit can be calculated more precisely than by the popular methods commonly employed by Polish contractors.

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References

1956A Competitive-Bidding Strategy 2004A Fuzzy Decision Framework for Contractor Selection 2008MULTI‐OBJECTIVE CONTRACTOR'S RANKING BY APPLYING THE MOORA METHOD 2000Key Factors in Bid Reasoning Model 2010CONTRACTOR SELECTION FOR CONSTRUCTION WORKS BY APPLYING SAW‐G AND TOPSIS GREY TECHNIQUES 2006Price and Nonprice Criteria for Contractor Selection 2008CONTRACTOR SELECTION OF CONSTRUCTION IN A COMPETITIVE ENVIRONMENT 2008MULTI‐ATTRIBUTE CONTRACTORS RANKING METHOD BY APPLYING ORDERING OF FEASIBLE ALTERNATIVES OF SOLUTIONS IN TERMS OF PREFERABILITY TECHNIQUE / DAUGIATIKSLIS RANGOVŲ PARINKIMO METODAS TAIKANT ĮMANOMŲ SPRENDINIŲ ALTERNATYVŲ RANGAVIMO PRIORITETO POŽIŪRIU BŪDĄ

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2017Evaluation of Planned Construction Projects Using Fuzzy Logic

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