1. Explain in detail the effect on project indirect costs when a job is lengthened and when it is shortened.2. In any given construction scenario a limited number of days can be taken out of the schedule before it becomes impractical to tryto shorten the schedule further. Though it is impractical to take the exercise to the theoretical limit of shortening, there is atheoretical limit that prevents any further shortening of the project. What defines this theoretical limit, and what conditions exist inthe schedule when this limit is reached?

As per company's guidelines we can only answer first question Kindly post other question as separate…

Answered: 1. Explain in detail the effect on…

Engineering

Civil Engineering

1. Explain in detail the effect on project indirect costs when a job is lengthened and when it is shortened.

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: ● G: The client hires you to go to and personally source materials from China for 5 days. It was…

A: Given: The client decided to pay the architect to visit china for sourcing materials for the…

Q: Do the task according to the assignment. Show formulas and solutions as a whole, how you made the…

A: A step wise solution is given below.Explanation:

Q: Question 1 - Resource Constraints Imagine you are managing a construction project to build a new…

A: Resource constraints are limitations or shortages of essential resources, such as funding,…

Q: Can you produce an accurate forecast of the cost of a project using the cost-per-unit method of…

A: Estimation of the building is important in pre-planning so that a rough estimate can be prepared and…

Q: G: The client hires you to go to and personally source materials from China for 5 days. It was…

A: Given: The client hires an architect to go to China and personally source materials for 5 days and…

Q: The time and cost values for the project below are shown on the following page. a) Using the…

Q: a) Draw the cash flow diagram for a project if the contractor expenditures in the beginning of the…

Q: List three general reasons why actual costs may exceed estimated costs on a lump-sum contract.

A: The general reasons due to which the actual costs may exceed estimated costs on a lump-sum contract…

Q: In a FFP contract generally a(n) unit price hourly rate service product and service product is being…

A: A firm fixed price (FFP) contract stipulates a price that is fixed and not susceptible to change…

Q: Calculate the task according to the instructions. Show formulas in Excel for each point. Put…

A: The objective of the question is to evaluate the profitability of an investment in a new enterprise…

Q: oes a project's intended lifespan influence its estimated cost, particularly regarding maintenance

A: The intended lifespan of a project has a significant impact on its estimated cost, particularly when…

Q: How can the problems caused due to mobilization payment be solved?

A: Mobilization payments are the payments provided to a construction contractor or a supplier of…

Q: Which of the following are included when estimating equipment costs? Mobilization Idel time…

A: When estimating equipment costs, all of the options you provided—Mobilization, idle time, and…

Q: Why is the accurate pricing of labor and equipment very difficult on some projects?

A: The labor and equipment are the most important part of any project. They both are connected to each…

Q: How is the allocation of indirect costs usually done?

A: Let's first understand what is indirect cost: Indirect prices area unit those that can't be fully…

Q: 1. Did internal or external factors (e.g. new staff/volunteers, unanticipated delays, increased…

A: The objective of the question is to understand the impact of internal and external factors on the…

Q: You must decide between job offers from CPM Constructionand Fudd Associates. Both companies…

A: The different bonus from two companies are needed to be considered since the fringe benefits, salary…

Concept explainers

Budget Estimating

The term budget signifies a plan over the long run, generally, a year that covers the financial expenses and revenues of any organization. This budget plan is known to estimate the growth and success of any organization. Civil engineering companies utilize project budgets for estimating project costs, construction costs, and other direct and indirect costs related to the project being undertaken. Project budget is a detailed statistical tool primarily used by project managers to estimate the overall project cost. The project budget is in the form of a document that includes all the costs which are incurred during the project undertaking and after the completion of the project. Large commercial projects have the project budget estimate in the form of large detailed pieces of documents which include every cost estimate regarding man and materials. Labor costs, material procurement costs, construction costs, and operational costs are some of the costs that are incurred during the project execution and planning phase.

Question

1. Explain in detail the effect on project indirect costs when a job is lengthened and when it is shortened.
2. In any given construction scenario a limited number of days can be taken out of the schedule before it becomes impractical to try
to shorten the schedule further. Though it is impractical to take the exercise to the theoretical limit of shortening, there is a
theoretical limit that prevents any further shortening of the project. What defines this theoretical limit, and what conditions exist in
the schedule when this limit is reached?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.

Similar questions

You should have picked up that companies that employ this message need cost recorded to generate revenue. In other words, it's vitally important that its subcontractors and vendors bill them timely and accurately. As a ProjectManager , ensure your subcontractors are complying and sending you their monthly requisitions on time?
In a construction project, as in problem 1, effective cash needed before payment is received from the owner during the month of May will depend on which two factors (select all that apply a) Positive total cash generated after payment is received from the owner during April b) All out-of-pocket costs during May c) Labor costs during May d) Positive total cash generated after payment is received from the owner during May X Section/Time:
A contractor gets a bill for $545 for supplies purchased. The bill is notated1.5% 10/Net 30. What must be paid if the bill is paid within 10 days?
A client plans to construct a manufacturing plant that involves multiple engineering disciplines. Calculate the total engineering fees including taxes based on the following: Mechanical Works, $1,540,000 Electrical Works, $1,780,000 Earth Works, $950,000 Civil Works, $2,125,100 Environmental Works, $1,325,000 Basis B fees = 9% There are no office fees Taxes = 13%
If you work for a company that employs Percentage of Completion Method of Revenue and Profit Recognition, ________ essentially creates Revenue and Profit for the projects/company.
You are managing a project which is into six months of its execution. You are now reviewing the project status and you have ascertained that project is behind schedule. The actual cost of Activity A is Rs 2,00,000 and that of Activity B is Rs 1,00,000. The planned value of these activities are Rs 1,80,000 and Rs 80,000, respectively. The Activity A is 100% complete. However, Activity B is only 75% complete. Calculate the schedule performance index and cost performance index of the project on the review date.
The earned value report of a construction project shows that the cost performance index is 1.1. In addition, the budgeted cost of work scheduled is $300,000 whereas the schedule variance is -$100,000. The cost variance of the project is most nearly O 72,000 18,000 200,000 O 33,000
Question no.4 Consider a software development project where the team has proposed a design and estimates that it will require 800,000 lines of code to complete. The average cost to the company for an engineer is $200,000 per year, including salary, benefits, and overhead. Estimate the followings: a) The number of engineers needed to complete the project within 20 months b) The labor costs.
How is the payment for the mobilization costs done to the contractor?
Do the task according to the given instructions. Show solutions.
What are the five main items of the cost of a project?
Advantage of Measured or Unit rate Contract اختر أحد الخيارات a. the tender sum tells him the exact cost of the project. Sometimes the employer will be working within a tight margin of budget O b. The employer pays for the actual work executed Ⓒ c. No conflicts will be anticipated as to extras or omissions d. Both parties need a smaller number of staff for book-keeping accounting and measurement