How is the "Awarded Project Construction Cost" (APCC) determined?

The "Awarded Project Construction Cost" (APCC) is determined primarily using the bid of the winning contractor. This amount represents the contractually agreed-upon cost for the construction once the project has been awarded to a contractor based on their submitted bid during the bidding process.

When a project goes out to tender, various contractors submit their bids, which detail the costs they anticipate for completing the work. The winning contractor is typically selected based not only on their bid amount but also on other factors such as their experience, the quality of their proposal, and their ability to complete the project on time.

Subsequently, the APCC is specifically the total value that the contractor will be compensated for completing the project, reflecting actual contractual obligations rather than estimated costs or previous expenses. This ensures that the cost aligns directly with the work proposed by the chosen contractor rather than relying on budgets, forecasts, or historical figures that might not be applicable to the specific project at hand.