The project contractor relies on the cost of the estimate: A. For submission of a competitive bid for a lump-sum contract B. For a unit price contract C. For preparation of a definitive estimate to help negotiate contract D. All of these

The correct answer is D. All of these.

A project contractor relies on the cost of the estimate for all of the following reasons:

• To submit a competitive bid for a lump-sum contract. The contractor needs to know the estimated cost of the project in order to determine how much to bid.
• For a unit price contract. The contractor needs to know the estimated cost per unit of work
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