LUMP SUM BIDDING

We will bid your project in one lump sum from your designer’s specifications and plans. Lump sum bids are considered the traditional project delivery method. Construction and bid documents are provided by the client’s design team for the contractor to calculate a lump sum bid. Generally, lump sum bids are submitted for government and other public projects, but can be appropriate for some private projects as well.

Terminology

Lump Sum Bid:
A single entry amount to cover all labor, equipment, materials, services, overhead and profit for completing the construction of a variety of unspecified items of work without a cost breakdown.

Lump Sum Contract:
A written contract between the client and contractor whereby the client agrees to pay the contractor a specified sum of money for completing a scope of work consisting of a variety of unspecified items or work.