For bid purposes, what is the methodology for determining co-efficients?
Most commercially available unit price databases are produced annually. Some contracts allow for a separate co-efficient for each year, others allow an escalation index, some maintain the co-efficient but use an updated database. A co-efficient is a multiplier that is used to raise or lower the unit prices found in the database.
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- For bid purposes, what is the methodology for determining co-efficients?
