When do Finance Failure Risks occur?

Q: How can a party share the risk?

A: In a construction project, there are many unforeseen contingencies such as geological conditions,…

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: Does over-creditting always exist in carbon offset programs?

A: A carbon offset is indeed a decrease in carbon dioxide or even other carbon emissions that is used…

Q: Give the guidelines in case you suspect the existence of a serious imbalance in the lowest bidder's…

A: Guidelines in case you suspect the existence of a serious imbalance in the lowest bidder's…

Q: What concept is used by Risk management to deal primarily with risks?

A: Risk Management is explained as a proper means to inspect areas of risk in a certain project…

Q: How is the Electronic Bid package provided?

A: Construction bidding is the process of submission of tender (proposal) by the contractor to the…

Q: Give some reasons for the unbalancing bids?

A: The unbalancing of a bid is the transfer of portion of the work cost for one part of work to another…

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: 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: How can the costs of delays caused by change orders be considered?

A: Delay allegations are one of the most frequent types of requests levied regarding building project…

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: Is it of vital importance that all bidders receive identical sets of bidding documents?

A: Bidding is the process of submitting a proposal or tender (offer in writing to execute some…

Q: Define the term Instant contract savings?

A: Instant contract saving:

Q: What are the Pre-req of LEED SS credit?

A: Leadership in Energy and Environmental Design (LEED) is a rating system that can to the following…

Q: How is the allocation of indirect costs usually done?

A: Let's first understand what is indirect cost: Indirect prices area unit those that can't be fully…

Q: Q: Contract variations have a huge possibility of occurrence to any construction project. Explain…

A: Almost all construction project can experience variations from its initial planning at any stage of…

Q: What is the Spectrum of Risk?

A: The process of undertaking risks in the construction project to get returns in some certain amount…

Q: How is the force account used as a payment method?

A: Force account is a method of payment used for additional work if the contractor and the State…

Q: How can the Disputes be solved in risk management?

A: Risk management is important for preventing legal disputes.

Q: Depreciation, Interest, Taxes, Insurance, Storage, and License fees fall under what category cost?

A: Given data,given question related to the estimation and costing.let's discuss the depreciation,…