What are the specific fund requirements for an engineering firm?

Q: Figure 5.2 shows the requirements for a two-step evaluation process. How is the selection of the…

A: Solution: Design Build Procurement (DBP) is the most common method used in the case of high-cost…

Q: What is the difference between a general contractors and subcontractors?

A: General contractor:

Q: What criteria would you apply when making professional judgments regarding investments in…

A: Whenever an engineering project is undertaken, the decisions relating to the investments must be…

Q: Differentiate between two major tendering processes in term of (identification, advantages and…

A: Two major tendering process are as follows :-  Selective Tendering  Open Tendering

Q: Identify the correct pairing of the most common procurement method and selection criteria? A.…

A:

Q: If missing, which one of the below items would deem a bid nonresponsive? A. Bid bond B. Certificates…

A:

Q: What are the side effects of change orders on the  the contractor's cost?

A: The nature of construction projects is complex and unpredictable, where lots of factors and…

Q: Visit a local contractor and determine the proportion ofcontracts that are negotiated against those…

A: The local contractor has about 75% of contract that are negotiated against those that are…

Q: List three general reasons why actual costs may exceed estimated costs on a lump-sum contract.

A: The general reasons due to which the actual costs may exceed estimated costs on a lump-sum contract…

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: Describe the three tendering techniques in the selection of contractors? Discuss the advantages and…

A: Three tendering techniques in the selection of contractors are: Open Tendering Selective Tendering…

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: When do Finance Failure Risks occur?

A: The financial failure risk is the possibility of losing the money invested on a project or any work,…

Q: tendering process

A: Tendering process is really a requires long strategic planning to any firm as well as for…

Q: Discuss the importance timing in the tendering process

A:

Q: Look up the names of the largest contractors reported byENR in its three main categories: Heavy and…

A: Names of largest contractors reported; The largest contractor reported by ENR, to the heavy domestic…

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: What advantages do you see in consolidating the roles ofowner, designer, and constructor shown in…

A: Advantages of the above-given condition:

Q: What we can do if the consultant reject part form the work carried out by the contractor?

A: First of all do ensure that the consultant reject part form the work carried out by the contractor…

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: Who is responsible for searching the products at construction project?

A: A construction project is the structured system of a building, structure or infrastructure being…

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 one of the convenient options provided to contractors to scroll through the listing of…

A: The process in which takes place after the submission date end of tender is known as bid…

Q: C. You have been employed by a newly established construction company as the project’s manager. You…

A: Tax clearance certificate: The tax clearance certificate is given by the government. This…

Q: Define the term Instant contract savings?

A: Instant contract saving:

Q: What is Bidder Prequalification?

A: Bidder Prequalification:

Q: True or False? One option for competitive bidding is a lump sum proposal; one option for negotiated…

A: Let's talk about the first statement "One option for competitive bidding is a lump sum proposal"

Q: Determine the % of risk that has been transferred to sub-contractors given the following…

A: The given data is as follows: Materials=$150,000Labor=$158,000Equipment=$22,000Bonded…

Q: Value analysis is an organized approach to identify and eliminate wastage and unnecessary costs.”…

A:

Q: ant resource in any organization, espec

A: Hi! Thank you for the question As per the honour code, We’ll answer one question since the exact one…

Q: the management function that deals with acquiring and retaining qualified people.

A:

Q: How are cost reports used by an estimator

A: Uses of Cost report:

Q: What is the difference between a contractor and a subcontractor?

A: The person responsible for day to day supervision of construction site , management with the traders…

Q: 247. To determine a subcontractor's probable financial stability, which of the following would be…

A: This question is related to the Estimate and Quantity Surveying from Civil Engineering.

Q: Is the final amount paid to a contractor under a unitprice contract limited by the quantities of…

A: Let's understand first what is unit price method: In a unit value contract, the complete agreement…

Q: What are the instructions for the Bidders?

A: The instructions to bidders is a document provided by an investment bank operating a competitive…

Q: Discuss Subcontractors and why it is important to understand the requirements a subcontractor must…

A: SubContractors: When any big projects comes, these are divided and given to specialized contractors…

Q: ive two exmaple each of the types of costs that will be incurred under facilities and subcontractors

A: Subcontracting is the practice of making a legal arrangement with a third party to carry out a…

Q: Tendering process - Differentiate between two major tendering processes in term of (identification,…

A: Two major types of tendering process are as follows :-  Open Tendering Selective Tendering

Q: what does a company evaluate both the money allocated to a project and the time allocated to the…

A: A company evaluate both the money allocated to a project and the time allocated to the project

Q: 7. When a project is performed under contract, the SOW (Statement of Work) is provided by which of…

A: These all questions are from project management.