Interpretation should include
- differentiating between estimates and bids
- executing a cost analysis of a landscape plan
- calculating quantities of materials needed for a landscape job
- estimating labor requirements
- adjusting prices to allow for overhead cost of materials and profit.
Process/Skill Questions:
- What is the difference between an estimate and a bid?
- How does overhead differ from the cost of merchandise?
- How is profit determined?
- Why is profit important?
- What is the importance of estimating the cost of a construction project?
Teacher Resource: