ABC Corporation has recently given out a nine-month contract to a construction subcontractor. At the end of the first month, it becomes obvious that the subcontractor is not reporting costs according to an appropriate WBS level. ABC Corporation asks the subcontractor to change its cost reporting procedures. The subcontractor states that this cannot be done without additional funding. This problem has occurred with other subcontractors as well. What can ABC Corporation do about this?
Q: What discount rate should a corporation use in a life-cycle costing study when investing funds that…
A: This question deals with a corporation use in a life-cycle costing study when investing funds that…
Q: Smith’s advertisement for bids on the construction of a sewage-disposal plant stated: “$500 per day…
A: Given: Smith gave advertisement for bids on the construction of a sewage-disposal plant…
Q: Why do you think john was hesitant to quote an exact price during the first meeting? Why did Ken…
A: Note: Hi! Thank you for the question, As per the honour code, we are allowed to answer three…
Q: A contractor is working on a $500,000 construction contract that was scheduled to be completed…
A: Total Contract Billings = $500,000 Total Company Billing for Performance Period = $10,000,000 Total…
Q: What is the 5% factor for concreting works and why do we use it? Explain why the bid estimates are…
A: A question is about Construction Management abd estimation
Q: As a construction project manager, what general categoriesof information would you want to have on a…
A: As a construction project manager in order to properly evaluate what i think is a developing overrun…
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: What are the three levels of accuracy recognized in estimating capital costs?
A: Different levels of cost of capital estimates offer key input for choices over the lifetime of…
Q: who submit them for the bidders ? who receives the pre-qualification files from the contractors?…
A: Tendering : Tendering is a process of inviting a number of contractor to execute a project through…
Q: Q6: A construction project will have a Base cost of $3,250,000. There is a 5 percent chance that the…
A: Part A Incentive of finishing ahead is the contingency reserve = $40,000 Part C Best case scanerio…
Q: Why does the estimate of probable total cost need to be revised as the project progresses?
A: there are two reasons for revise cost of project as project progress.
Q: EXPLAIN YOUR ANSWER COMPREHENSIVELY. Mr. Jobert commissioned you to estimate the construction of a…
A: The cost estimate is made before the construction of the work of any project it is generally…
Q: If a Contractor built in an estimate reserve contingency of $100,000 on a job and only $ 50,000 was…
A: The answer to the question will depend upon the type of contract in operation For turnkey projects…
Q: What payments are typically linked to Substantial Completion? And to Final Completion?
A: In any construction project, the owner must make monthly or regular payments to the general…
Q: On a public contract covered under state laws regulating the payment of prevailing wages to all…
A: The state and local governments have mandatory that the companies who wants public works related…
Q: Currently, contractors have over 6 projects on the books; however, the construction of a…
A: a) When we go about investigating the challenges on the fully-fledged Academy site these challenges…
Q: A consortium of international telecommunication companies contracted for the purchase and…
A:
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: When a company is going to invest cash that they have on hand in a development, what discount rate…
A: Construction management is the back bone of the civil engineering. Under construction management…
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: CPM Construction plans to buy a truck for $150,000, andsell it for $15,000 at the end of five years.…
A: The annual equivalent cost is the cost of owning of things, maintenance, and operation of annually…
Q: Question 14: What is a key characteristic of the preconstruction stage? o walkdown of the site o…
A: 14) procurement 15) False The wrong judged prices will be equally shared by both contractor and…
Q: Why does the contractor not want to make a commitment to unit -price amounts?
A: In Unit price amount contract, it is a commitment by the contractor to fix the rates of each and…
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…
Q: SITUATION 1: You are responsible for two subcontractors, earthwork and roofing, on your megaproject.…
A: When the general contractor gets a contract with the owner of a construction project. Then the…
Q: What is the "Contractor's Risk" and how does it Relate to the type of Construction contracts to be…
A: Contractor's risk is defined as the association with a construction project. It is defined as the…
Q: A contractor wishes to participate in the bidding for a government project and submitted documents…
A: Given data- ABC project bid = P328,644,200.20 with a duration of 20 monthslargest single project…
Q: Determine the cost
A: Productivity: - It is a measure of amount of goods and services produced to amount of input used to…
Q: You should have picked up that companies that employ this message need cost recorded to generate…
A: Invoicing and Billing it is an important document that indicates the sale supply to the site. It…
Q: What would be the result of failure to agree on change order pricing?
A: A change order is a work that has been removed or attached to the original contract of work, but…
Q: 1* Suppose you are a project manager of a power plant project and there is a penalty in your…
A: C1 = $ 250,000 σ1 = 0.3 n = 60 days P1 = $5,000 C2 = $ 340,000 σ1 = 0.1 n = 20 days P1 = $5,000
Q: Why do the public works projects mostly involve some retention of a portion of earned funds of the…
A: The retention of the earned funds or the retainage is the amount of money held back from the…
Q: You are managing a project which is into six months of its execution. You are now reviewing the…
A: Calculate Earned value of each activity Earned value = completion % x planned value Activity A…
Q: Question 1 A. On a project, the contractor failed to complete the project on time and the project…
A: Offer consideration first after going through all the details why the firm A was unable to complete…
Q: How much of an impact does a formal schedule have on the subcontractor's ability to make a profit?
A: A construction schedule is a timetable for each activity and event in a building project. The…
Q: What are the results of using the total cost method for the contractors?
A: Largely, the Total Cost approach of quantifying building claims has been disadvantaged by the courts…
Q: . An equipment installation job can be completed in 50 days of 8 hour/day work, with 50 men working.…
A:
Q: A contractor has 50 men of the same capacity at work on a job. They can complete the work in 30…
A: 50 men can do it in 30 daysNow additional 20 men are addedso 70 men can do it in ?=50×3070=22days
Q: What are the five main items of the cost of a project?
A: - Different categories of cost of a project are, 1- Direct cost - It includes cost related to…
Q: How are the field cost indexes derived?
A: Field Cost indices in construction : Most of the information used to compile construction price…
Q: Find the depreciation for the 1ª year using
A: This question has been taken from estimation, costing and evaluation.
Q: On federal grant programs, why are the certified payrolls obtained from the contractor on Labor…
A: Certified payroll is the federal form WH-347, which is sent weekly to the government agency…
Q: During what period can a contractor withdraw the bid without penalty?
A: A contract is a legal bond between two or more two parties. It specifies the duties and…
Q: Q1. Q2. Q3. Q4. Q5 Which of the following area in construction industry deals with tendering process…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Step by step
Solved in 2 steps
- Question 1 A. On a project, the contractor failed to complete the project on time and the project was terminated. Because of the urgency involved to complete the project, another Contractor 'B' was asked to immediately takeover and proceed with the works without going for a tender or entering into a written contract. Assuming you are the contract manager for the Contractor 'B', what advice would you give to your company on the following: Offer, Acceptance, Consideration, Mutuality of obligations, Competency and capacity before proceeding to start working?Construction problems and solutions SITUATION 1: You are responsible for two subcontractors, earthwork and roofing, on your megaproject. You are a 23-year-old field engineer (FE). Experienced 40- and 50-year-old project managers work for both of these subcontracting firms. Both of these subcontractors are very qualified and have worked with your firm on previous occasions. The firms are financially strong and their field work is performed safely and is of acceptable quality. Your problem: "You don't get no respect!" These subcontractors continually go over your head to your project manager. They talk to your peers on other projects. They do not respond to your requests for information or requests for additional backup on change orders. QUESTION: What do you do now? How do you establish yourself as the point of contact for these firms? What would you recommend for a beginning engineer who needs to earn the respect of experienced subcontractor managers who work for him or her?What are the results of using the total cost method for the contractors?
- 29. Since the owner has little day-to-day involvement, he is in all matters by the construction manager. 30. Decisions concerning project strategies during the design phase of the project are made by the 31. The design-build delivery method is a single-source procurement for the owner, consisting of and 32. The design-build firm acts as a facilitator for designers and constructors to eliminate the relationship that can exist between such parties in a traditional delivery method. 33. The four types of design-build organizations are: 34. A final type of delivery method introduced by the instructor is IPD - aka, 35. is a logical platform for IPD.Is it advisable to use cost-loaded CPM for progress payments to the contractor on unit-price contracts?EXPLAIN YOUR ANSWER COMPREHENSIVELY. Mr. Jobert commissioned you to estimate the construction of a certain structure. As Engineers, our job includes giving detailed estimate inclusive of labor and materials. If approved, the contract for building the structure will be awarded to you. However, Mr. Jobert already had a previous consultation with Prudencio, an independent foreman, who offered labor and services at a cheaper price. How will you convince Mr. Jobert to engage in your services instead of Prudencio's? Cite applicable provisions of the Code of Ethics for such situation.
- C. You have been employed by a newly established construction company as the project’s manager. You are bidding for a construction project for the first time, but your CEO who happens to be a retired military officer does not understand why the employer is requesting tenderers to attach Tax clearance certificate, Power of an attorney, SSNIT clearance certificate, Bid Bond / Bid security and Certificate of incorporation and to commence business. Explain to him the need for these attachmen ts.Q1/ Answer by true or false (T or F) of TEN of the following: 1- The main contractor does not need to appoint sub-contractors to design the structural elements in the traditional approach? 2- In traditional approach, Variations to the contract are not relatively easy to arrange and manage considered as one of the advantages? 3- In traditional approach, work cannot be accelerated by overlapping design and construction activities. 4- It is better not to use traditional approach when client wishes to appoint designers and contractors separately. 5- Due to the high risk in turn-key approach that only contractor bears, thus the contract in such approach may require higher cost. 6- The cost of depreciation does not depend on the maintenance cost. 7- When the no. of hours for changing oil increases, then the oil consumption will increase too. 8- The equipment can be considered standard if it is familiar and can be used in several projects. 9- For economic purposes, one should always make a…General Contractors working an a project that requires several months to complete typically request payment from the Owner on a monthly basis. They submit what is referred to as a Pay Application. What do GC's typically ask for payment of? Group of answer choices A)Ordered materials and equipment B)Installed materials and equipment C)Materials and equipment stored on site D)A & B only E)A & C only F)B & C only G)All of the above
- Is it a good idea to utilize cost-loaded CPM for contractor progress payments on unit-price contracts?Figure 2-2 shows the project organization chart for a Design-Bid-Build project delivery method. Assume the same project is to be delivered through design-build method - Project Architect (John James) and Western Construction Co. formed a partnership and competed for the project against other design-build teams and won the project. Prepare a project organization chart for the design-build delivery method. All design sub-consultants and subcontractors remain the same.In the execution of any project, the contractor's role and responsibility is to: Oa. maintain safety and adhere to the schedule b. manage the construction site Oc. Both (a) and (b) odinitiate and finance the project A Click Submit to complete this assessment. wN x *. AR DELL