Your construction company recently bid against ABC Construction Company. Your construction costs were $1,125,572 and you added

Question:

Your construction company recently bid against ABC Construction Company. Your construction costs were $1,125,572 and you added a 6% profit and overhead markup for a total bid of $1,193,106. ABC’s bid was $1,179,999. What profit and overhead markup would you need to add to your construction costs to get ABC’s bid?