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What is a contract estimate?

Updated: 8/19/2019
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Biology126

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13y ago

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guesstimation

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Q: What is a contract estimate?
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Why is an Estimate at Completion so useful to Program Managers in assessing the contract completion costs?

Distributing funds to complete contract


What are the differences between BAC and EAC?

BAC is the budget at completion is the cumulative BCWS at the end of this contract. EAC stand for estimate at completion which is the contractor's best guess estimate of how much the effort will actully at the end of the contract.


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provide funding for contract actions


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Unless there is some special clause in the estimate, you may not charge any extra. An estimate is a contract, and binding on both parties if accepted.


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It is an contract between one or more buyers and one ro more supplier to estimate the amount of items to be delived at the rigt the price and at the the right place agreed


Can you make a homeowners insurance claim and self contract?

This will be up to the adjuster. Sometimes they will allow you to do this if you are qualified to do so and you agree to the estimate that the adjuster comes up with.


Can a Colorado home buyer break a contract and if mortgage specialist didn't provide the FHA booklet or written good faith estimate and rushed the homebuyer into making offer?

The mortgage specialist not providing the loan information is not grounds for breaking the contract as the contract is with the seller and not the lender. Find a different lender if you are going to continue w/the loan, or if you want to break the contract you will probably lose any money you have put down as security.


Can a business who hires a company for contract work and then helps their employees it has hired go into business in direct competition on same job be held liable?

Depends on the Contract. Alot of subcontractor contracts prevent this. If the Prime contractor has received an estimate from a subcontractor and the subcontractor is working at the site or project under a estimate or purchase order then yes, the Prime contractor can be held liable for all monies under the contract if the subcontractor can prove that the employees were on their payroll and during this project the Prime contractor solicited Sub employees to become independent contractors.


Can you distinguished Contract of Sale from contract to sell?

Contract to sell is an executory contract while contract of sale is an executed contract.


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contract is contract