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Notes <br /> 1 Items not included as a part of this estimate: <br /> A.Permit Fees <br /> B City Fees,Bond Fees <br /> 2 This is a Preliminary Estimate Only(Opinion of Probable Cost)and is not to be used as a bidding quantity sheet. <br /> Estimate Notes <br /> 1 This projection was prepared using standard cost and/or quantity projection practices.It is understood and agreed that <br /> this is a projection only,and that the landarchitect shall not be liable to the owner or to a third party for any failure to <br /> accurately project the cost and/or quantities for the project,or any part thereof. <br /> 2 This landscape architect's projection is prepared as a guideline and does not constitute the basis for bid.The contractor <br /> is to perform his/her own quantity take-off and to bid accordingly.If errors or omissions are encountered through the <br /> bidding process,please contact the architect for clarification. <br /> 3 <br /> COMPETITIVE BIDDING <br /> The prices in this Estimate are based on competitive bidding.Competitive bidding is receiving responsive bids from at <br /> least five(5)or more General Contractors and three(3)or more responsive bids from Major Subcontractors or Trades(if <br /> applicable).Major Subcontractors are:Structural Steel,Plaster/EIFS Contractors,Mechanical,Plumbing and Electrical <br /> Subcontractors. <br /> Without competitive bidding,Contractor bids can,and have,ranged from 25%to 100%over the estimated cost, <br /> depending on the size of the job,per the following table: <br /> Number of <br /> Bids <br /> Received Potential Percentage Differential <br /> 1 +25%to+100% <br /> 2-3 +10%to+25% <br /> 4-5 +0%to+l0% <br /> 6-7 +0%to-10% <br /> 8 or more <br /> 10%to-20% <br />