What factor is NOT included in the calculation of the final bid?

The factor that is not included in the calculation of the final bid is the project location. While project location can influence various aspects of a construction project such as logistics, labor availability, and local regulations, it is not a direct component of the bid's calculation itself.

On the other hand, estimated costs, overhead, and profit are integral components of how a bid is structured. Estimated costs account for all the direct expenses associated with delivering the project, including materials and labor. Overhead includes the indirect costs necessary to keep the business running, such as administrative expenses and utilities. Profit represents the amount expected to be earned beyond covering costs, and all three elements must be carefully calculated to create a bid that accurately reflects the project's financial requirements.