Discuss why the inclusion  of subcontractor and other stakeholders a key part of planning process?

Q: Why do the contract change need evaluation?

A: An agreement which follows the law is known as contract. The contract in construction is mutual or…

Q: When should a general contractor propose the value engineering ideas?

A: The value engineering ideas has benefitted the contractors and engineers in many ways. This is a…

Q: What are the Methods and procedures for providing tiebacks?

A: Various types of restrained wall systems such as tiebacks, screw anchors, dead men anchors, soil…

Q: Which one of the following steps of the Typical Project Sequence requires the most participation…

A: Every initiative seems to have a start, a middle stage wherein actions take the project closer to…

Q: Define the term Managerial Competence?

A: Managerial competence is the skills, motives and attitudes that are necessary for a job, and include…

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: construction management

A: Managing a construction project requires you to wear a variety of hats. In addition to being a…

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: 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: Draw a schematic diagram to illustrate the contractual relationships in the construction industry…

A: As civil engineers or relationship managers, we have to take responsibility for maintaining peace…

Q: Why do the Contractors and owners view the problem differently?

A: Owner of a project is the wholesome authority who has the responsibility for the whole project. The…

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: How must the bidding phase of a project be handled?

A: The Bid Phase begins after the bid has been approved by the Office of Project Control i.e. OPC and…

Q: Describe Managerial Competence risk?

A: Managerial competencies serve an essential part in various forms of organisations now a days.…

Q: If you were a contractor, would you respond to any and all Requests for Proposals you come across?…

A: If you were a contractor, would you respond to any and all Requests for Proposals you come across?…

Q: Discuss why contractors must make bid/no-bid decisions and the factors involved in making these…

A: Bidding is the stepping process for contractors to establish a strong firm. Making good decisions on…

Q: The "Approval" step of the Typical Project Sequence provides an opportunity for which of the…

A: Project Seequencing refers to the process that need employees to accomplish activities in a…

Q: Can anyone please explain the difference between negotiation, mediation, arbitration, litigation in…

A: The majority of design, as well as construction contracts, include "conflict resolution" clauses.…

Q: Describe the process regarding the 6 phases of a construction project 1.Study and report phase…

A: Each construction project has its own set of objectives and constraints, including a need for a time…

Q: The AIA and its Document Committee follow this (these) basic axiom(s) in drafting their every 10…

A: Basic axiom in agreement is to reflect the normal, reasonable expectations and actions of the…

Q: In what two ways does design–build differ from the traditional design–bid–build project delivery…

A: Design Build: In this system, the owner usually hires a single person, the designer / builder, to…

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: Why are monthly reports of Contract Performance important?

A: The report that provides cost of contract and its total schedule and its performance data to…

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.