Contrast the effort of building a car and building a residential unit. Which one requires more initial capital? What kinds of resources are involved? What are the main differences in their management needs?

Q: Costs that include items that cannot be readily charged to any one project, but represent the cost…

A:

Q: what are some practical moves a company can make when facing larger-than-desired cash deficits for…

A: Cash deficit- The Corporation is considered to be in cash deficit when its cash balance falls below…

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

A:

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: 21. Engineering economics can help answer all of the following questions except a. Which…

A:

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: You are now to renovate your bedroom to your dream bedroom at a certain budget given by your…

A: Renovate- It is a process to renew or rebuild so that something is in good condition. To renovate a…

Q: A big financial institution has hired you as a PM. As a first task, you are assigned to automate an…

A: Given: A big financial institution has hired you as a PM. As a first task, you are assigned to…

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: 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: Do the task according to the given instructions. Show solutions.

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

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: What are the components of work to which cost information are required by every estimator?

A: IntroductionCost estimation is the most important process of any project. The cost estimation is to…

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: You are estimating for a project in Melbourne CBD. Do you think site access affects the price of…

A: By way of harmless expenses, the daily operating costs will automatically rise. For instance, expect…

Q: what are some practical moves a company can make when facing larger-than-desired cash deficits for…

A: Brief concept- Cash deficits- When the Corporation's cash balance falls below the "minimum cash…

Q: What is the value of an industrial building if the NOI is $100,000 per month and the cap rate is…

A: NOI = Net operating Income = $ 100,000 per month= $1,200,000 per year Cap rate= 4.0% Value of the…

Q: 01/A manufacturing concern produces a product which is sold at a price of $10.5 per unit. The…

A: Solution: Given: Selling price =$10.5 per unit Variable cost =$6.5 per unit Fixed cost =$50000

Q: Q- Idea and purpose of project t mean •......... All of them Each project has a goal, such as…

A: Idea and purpose of project is to be well defined with proper feasibility studies done by…

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: Plays Explain Well in Short Paragraphs. Explain the Successful Engineering Project Affects the…

A: Brief concept- Farm's Market Value- It is the total amount of the market value of the products and…

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…

Q: Calculate the value of year's purchase for an old building if its future life is 20 years and the…

A: Given, Rate of interest, Ip= 6% = 0.06 Total life = n = 20years Sinking fund = i = 5% = 0.05

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: Who is responsible of sharing the risk problems at construction projects?

A: The given question is to determine the responsibility of sharing risk problems at construction…

Q: How did the romans influence the world when it comes to road building construction? 2. Would you…

A: Roman roads were the earliest roads and the road with proper camber for drainage purpose and they…

Q: How can we find asset value after 'a' years in service ?

A: The reduction in the value of an asset after serving a period of time is called depreciation. To…

Q: Suppose you are an engineer in the real estate department of a foreign bank. The bank desire to give…

A: In-order to clearly determine the type of contract that has to be proposed and accepted by the…

Q: On what basis you can arrive at an estimation for your project

A: Solution: Estimations her project play a very important role in determining that whether the project…

Q: Fixed-Fixed bar was 20 centigrade degree at room temperature, Determine the thermal stress when the…

A: Given data: ΔT= 110-20= 90 oC α = 11.7 x 10-6  E = 200 GPa or 200 x 103N/mm2

Q: Q2. Suppose you are an engineer in the real estate departiment of a foreign bank. The hank desire to…

A: In-order to clearly determine the type of contract that has to be proposed and accepted by the…

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: Imagine your company is building a new bridge project in a nearby province with full high-tech…

A: There are many costs involved in building a new bridge project with full high-tech lighting systems,…

Q: Explain the significance of unit cost in the context of a task order pricing structure.

A: A pricing structure establishes and arranges the prices of your company's goods and services. A…

Q: What do you mean by scrap. Will scrap increase cost per unit? Why or why not? Explain Pls ASAP, it…

A: here definition of scrape material is asked and wr are also being asked effect of scrap on cost per…

Q: A civil engineer has 2 alternative designs for a house. Both designs involve the acquisition of a…

A: Given data: Design 1: 5 men each costing 200 per day duration = 4 months Design 2: 10 men each…

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 are the partnering benefits in construction management/

A: Project Collaboration/Partnering is a long-term collaborative management strategy in which two or…

Q: Identify three factors that could help in reducing overhead costs in a project

A: To determine: The three factors that could help in reducing overhead costs in a project.

Q: 1. 2. 3. How did the romans influence the world when it comes to road building construction? Would…

A: Given data  A) How did the romans influence the world when it comes to road construction B) Do you…

Q: hat will you do to become a better manager, and what are the things that you will be implementing…

A: construction management

Q: A client plans to construct a manufacturing plant that involves multiple engineering disciplines.…

A:

Q: Long-term contracts?   Multiple Choice increase transaction costs. reduce incentives for…

A: There are different types of contracts which are used to finish a project. Some of them are on the…

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…

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.