• Construct a high-rise office building. • Construct a hotel. • Construct a shopping center. Each project requires each partner to r

Q: Is the Wage and Hours LAW applied to all the projects?

A: Wage and hours law is the type of law that oversees the rate of wages an owner can pay its employee…

Q: How is the optimum cost-time point determined? What are the conditions that must exist for one to be…

A:

Q: You are required to design a 2-story steel building. The building is a logistic warehouse located in…

A: The objectives of designing a 2-story steel logistic warehouse in Chicago, IL are as follows:1.…

Q: What are the two fundamental principles or requirements for risk sharing in a building project

A: Introduction:- Construction projects are very complicated and technically significant, taking years…

Q: You need to provide a project’s owner with a three-weeklook-ahead schedule. Identify one benefit and…

A: In terms of planning a schedule, a major limitation of using bar charts is their relative…

Q: were going up for bidding. CURT decided to purchase used concrete blocks which he could sell for 12…

A: The LP model to maximize CURT's profit can be formulated as follows: Maximize: P(2x + 20y) Subject…

Q: To cope with an unrealistic completion schedule what must a contractor do?

A: To cope with an unrealistic completion schedule, a contractor must do the following : 1.Make sure…

Q: The use of Design-Build projects has been decreasing. T or F Design-build eliminates the need for an…

A: This question is related to building construction from Civil Engineering. I answered all questions…

Q: The two major constraints that can hamper a construction project are time and resources. What…

A: Project Constraint is defined as anything that restricts or dictates the action of the project team.…

Q: Major projects require a great deal of pre-planning so that all employees and subcontractors can use…

A: Construction management should actively follow the most effective use of personnel, materials, and…

Q: Determine four reliable sources of building material pricing data

A: Here is the four reliable sources of building material pricing data.

Q: List and describe the major factors a contractor will consider when deciding whether to submit a bid…

A: Bidding- It is defined as an offer price set by an individual or any organization for a service,…

Q: What are the life-cycle cost categories and items for a typical bridge project

A: Context: Cost attributes for a typical bridge project

Q: If the average height of the building described in question 6 is 12'4" (3.8 m) to the roof surface,…

A: If the construction cost of the bungalow of area 34'6"(10.5m) x 40'9"(12.4) was $120,790.00 area=…

Q: What are the major parameters to be considered in the prequalificationassessment of a contractor?…

A: Contractor prequalification is  information of gathering and assessment process that determines…

Q: Why do the exact routes used depend on the method of project delivery?

A: The process of financing and organizing design, operations and construction task also the…

Q: How do you think the government would select a contractor or vendor if they are entering uncharted…

A: The choice of contractor would become a crucial instrument for controlling contractor security in…

Q: List the four temporary site services that are usually required on a construction project, and…

A: The four temporary site service that are required on a construction project to carry out the work…

Q: During the design phase, contractors were submitting reestimates for work, 30 days after their…

A: The most important factors in the PMT is the reliability of the contractors, whether the contractor…

Q: Which of the following estimating mistakes could decrease your chances of being the lowest bidder?…

A: Some statements regarding bidding are given. We need to select all correct options.

Q: What are the different periods during the life of a project when unjustified requests for…

A: Substitution process allows the contractor to use different brand with same specifications and…

Q: For what is the total cost method used?

A: Total cost method.In this method, the bid price is subtracted from the actual performance cost and…

Q: Describe the different project delivery methods in construction. What are the advantages and…

A: Approach to solving the question: In construction, various project delivery methods cater to…

Q: Please explain the Coordination of a construction project with Area Economic Development Activities.

A: The objective of this question is to understand how a construction project can be coordinated with…

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 we measure the benefits or costs in the same units in all projects?

A: The concept lies to cost benefit analysis. During valuation it’s very necessary to analyse the cost…

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…

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.