11. Discuss what is the best source for labor and equipment unit prices that will be used in developing an estimate? Explain your answer in detail

Q: As we mentioned in this chapter, assets such as machines, cars, and computers lose their value over…

A: Straight Line Depreciation: The straight line method of depreciation is the most commonly used…

Q: : A construction company had a number of projects and needed to a construction equipment to be used…

A: Given Data: Choice 1: The total cost of buying Equipment=$50000 Operational and repair cost=…

Q: What are the causes of inflation in risk management?

A: Inflation is condition in which the demand for resources, goods and services increases significantly…

Q: Derivatives as a Rate of Change: Correction in number 3: The numerator is 1,008,000. Thank you

A: "Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: What are the procurement methods in the construction industry? For each method, give a construction…

A: The selection of a sourcing method is critical to the completion of every building project.…

Q: Why would the AQI Index change from year to year. Why would the mean value of the AQI index for each…

A: The Air Quality Index (AQI) measures air pollution in a particular area. As a result, it provides a…

Q: Why do owners frequently call for alternative prices to be quoted with bids for construction work?

A: It Is quite common for project owners to ask contractors to provide alternative bids for work or…

Q: A bill is made out for a completed repair job. The bill is broken down into partsand labor. The…

A: Given:- Total bill = $84.57 Part cost = $27.68 To find:- The cost for labor

Q: John bought an old house in 2021, he spent 3 months to renovate and rented for 9 months before he…

A: Answer  We know that Return on Investment as a percent is given by   ROI = Net IncomeCost of…

Q: Imagine that you want to add a bathroom to a house. You get a copy of a cost estimating guide and…

A: There are many types of methods available to estimate the building's cost like plinth area mathod,…

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

A:

Q: For the past 7 years, you had paid $500 every 6 months for a software maintenance contract. What is…

A:

Q: How will the results of the comparison between the predicted and actual costs be used for future…

A: The results of the comparison between predicted and actual costs can be used in several ways to…

Q: How much money do you need to ask from your grandparents at the start of your college career if…

A: Calculate the present value of these future tuition payments, using an 8% annual interest rate. Each…

Q: fits, $ enefits, $/year $/Year

A:

Q: What are the different stages of cost benefit analysis? Explain briefly each stage.

A: The different stages of Cost-Benefit Analysis model are as follows: 1. Defining the framework for…

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: investment company advertises accounts that actually yields 13% interest per year when compounded…

A: Given  Interest rate = 13% =0.13  Semi annual

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: A man estimates that it will take him 7 days to finish his garage. While a professional construction…

A:

Q: How much should the engineer borrow from a bank that charges 10% simple discount for 6 months if he…

A:

Q: Estimating prices of goods and services is very practice in the construction industry. Several…

A:

Q: C) How will the level of revenue be determined economically? Clarify this statement?

A: Brief concept- Revenue- It is the sum of money that any firm obtains after selling its products in…

Q: r invested $11,000 and the annual revenue was $4,000 in the first year, $4,000 in the second year,…

A: Given:- Invested amount=$11,000 annual revenue in  first year=$4,000 annual revenue in second…

Q: A piece of equipment was purchased for a cost of $150,000. What is the ESL of this equipment if the…

A:

Q: Please show all cashflow diagrams and math calculations

A: Answer:Let's break it down step by step: Calculate the Real Interest Rate The real interest rate is…

Q: A man wants to buy five materials for a 5 day work as shown in table 1.1 and for each item, the…

A:

Q: Q: When estimating the costs of a project, the costs that are not associated with specific work…

A: The question is When estimating the costs of a project, the costs that are not associated with…

Q: An employee is earning $ 18,000 a month and he can only afford to purchase a car which will require…

A: Given, Monthly amortization (A) = 0.3 x $18000 = $5400 Down payment (D) = $80000 Interest rate (i) =…

Q: A contractor gets a bill for $545 for supplies purchased. The bill is notated1.5% 10/Net 30. What…

A: Given values: List price bill = $ 545 Bill notated = 1.5% 10/Net 30  Bill paid within 10 days

Q: The XYZ Company has two plants producing " K Specials". It has the following expected data for the…

A:

Q: As a rental for a building, the owner received two offer: a) 50,000 a year for 80 years, the rental…

A:

Q: Q.5 How could you answer to address the price adjustment formula which is also known as escalation?…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: is a dimensionless number associated with a point in time and/or location that illustrates the cost…

A: Solution:-        Option (B) is a correct answer.

Q: The tag price of a certain commodity is payable in 100 days but if paid in 40days there will be a 2%…

A: Let the price of the comodity is X. Discount = 0.02X  Amount to be paid in 40 days = X-0.02X = 0.98X…

Q: The cash flows and initial investment for two different projects are given below Calculate the…

A: Given data,

Q: The total estimated cost required to perform a project, is known as a. Budget b. Fund c. Cash flow…

A: Solution: The correct option to above given question is  Option d All of the above.

Q: The initial construction cost of a project is $200000 which should be paid at the beginning of the…

A: As math type not available, providing handwritten solution