In depth evaluation of a bidder’s proposal can uncover indicators or signs of risk. Such factors include:Underestimates of quantities of work…

In depth evaluation of a bidder’s proposal can uncover indicators or signs of risk. Such factors include:1.Underestimates of quantities of work2.Underestimates of the complexity of the work3.Schedule delays that are the responsibility of the bidder4.Underestimates of increases in wage rates5.Underestimates of material prices6.Underestimates of the amount and types of equipment required to perform the contracted workTake one item and describe in detail. (100 words or more)