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Bid prices in the construction industry refer to the amount a contractor proposes to charge for a particular project or service tendered by a client or project owner. These prices are usually determined after the contractor carefully assesses the project's scope, requirements, and the associated material, equipment, labor expenses, and overheads. The bid prices are essentially the predicted cost of the project plus the profit margin of the contractor. The client or project owner usually picks the contractor with the most comprehensive and competitively priced bid, assuming all other important factors like experience and capability are deemed satisfactory. It's noteworthy that bid prices can be subject to negotiation, and post-bid changes could occur following project change orders or unexpected construction conditions.

A Cash Flow Projection in the construction industry is a financial document that estimates income and expenditure of a project over a specific period of time. This projection tool helps construction managers to anticipate revenues, costs and possible shortfalls. This anticipation is crucial for construction projects, which can be resource-intensive and cost-laden with potentially varying income streams, especially in long-term projects. Utilizing a cash flow projection enables the company to plan and budget funds accordingly. It helps to forecast financial needs, spot potential financing gaps, manage resources efficiently and ensures continuous operations to meet project deadlines. The projection contributes in making informed decisions regarding purchasing materials, subcontracting labor, and managing other direct and indirect costs. Accuracy in these projections can make a significant difference in profitability and sustainability of a construction business.

Long-term liabilities, also known as noncurrent liabilities, in the construction industry are obligations that are due more than a year from the current date. They are an important part of a company's financial structure and may include bonds payable, long-term loans, deferred tax liabilities, lease obligations, and pension obligations. For example, a construction company might have long-term liabilities in the form of a multi-year loan taken to acquire new heavy machinery or land for future projects. These liabilities have a significant impact on a company's liquidity and overall financial health, so it's critical that construction companies manage them effectively. Depending on how these are managed, they can influence a construction company's creditworthiness and its ability to secure future funding for expansion or for carrying out large projects. Hence, understanding long-term liabilities is vital for sustainability and growth in the construction industry.