No matter how much a contractor may want to get the job, they will not proceed with a project if the bid cost is too high compared to the approved plan. Government Projects The Department of Public Works and Highways (DPWH) is the lead agency that approves construction plans in the Philippines. The DPWH will not hesitate to ask for a lower price from the contractor if the approved plan costs more than the bid cost. For the contractor to win the job, they need to have a realistic price approved by the DPWH. The problem is most contractors do not factor in the escalation of prices when they submit their bid costs. By the time the project is awarded to them, the prices of materials and labor have increased, and they are left with no choice but to increase the project's price. This article will discuss the importance of having a realistic price for the approved plan and how it can help the contractor win the job. In any construction project, the winning bidder’s price will ...