Since the rental rate quoted by a contractor to another party for the use of the contractor's equipment is, in a sense, a kind of bid, the same considerations should be applied to the markup on the rental rate as are applied to markup on any of a contractor's bids.

Question

Quizplus · Accepted Answer

Since the rental rate quoted by a contractor is a kind of bid, the same considerations should be applied to the markup on the rental rate as on any of a contractor's bids. Therefore, the given statement is true.

Since the Rental Rate Quoted by a Contractor to Another