What are the five main items of the cost of a project?

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

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Q: What is the process that engineering managers use to ensure that a project is completed on time and…

A: Project management processes: Once the bidding process is done and now it's time to start making…

Q: Discuss overlap and underlap of subcontracted work and the problems associated with each condition.

A: It is very important that all of the project work must be completed, examined, and executed by…

Q: Question 1 - Resource Constraints Imagine you are managing a construction project to build a new…

A: Resource constraints are limitations or shortages of essential resources, such as funding,…

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: Describe the major differences between Production Risk and Project Risk

A: Project Risk: It is an uncertain situation that can impact the project objective and achievement.…

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: Is it a good idea to utilize cost-loaded CPM for contractor progress payments on unit-price…

A: The cost-loaded schedule comprises the works that have been ordered and spread throughout 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: 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: What is one of the essential tasks of the project manager during the construction phase?

A: The project manager has a vital role in construction phase of the project. All the tasks including…

Q: What is the purpose of a cost control system? |

A: Explanation:  The cost control system is a system in the project cost management that is to control…

Q: 1. Did internal or external factors (e.g. new staff/volunteers, unanticipated delays, increased…

A: The objective of the question is to understand the impact of internal and external factors on the…

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: Why is it important to revisit and revise cost estimates throughout the life of a project?

A: Why is it important to revisit and revise cost estimates throughout the life of a project?

Q: project your firm is considering for implementation has these estimated costs and revenues: an…

A: Present value is the current value of the future sum of money, at a specified rate of return. The…

Q: 10.2 Examine the network schedule with its activities, their dura- tions, and initial cost plus…

A: Solution-

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 agricultural engineer had a previous building project having 500 sq.m. for a bagged storage…

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Q: Along with question 1 and 2, what is the work and solution

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