Which of the following estimating mistakes could decrease your chances of being the lowest bidder? Select all that apply A) Including higher-quality materials B) Double-counting items C) Carrying contingency to account for all possible challenges that can occur during the project D) Missing an item in your bid E) Assuming there are no underground utility lines F) Planning for highly productive labor & site activities

Q: In the execution of any project, the contractor's role and responsibility is to: Oa. maintain safety…

A: Explaination : The Contractor has to control the work environment of the project. Contractor makes…

Q: The time and cost values for the project below are shown on the following page. a) Using the…

A:

Q: During the design phase, contractors were submitting reestimates for work, 30 days after their…

A: The most important factors in the PMT is the reliability of the contractors, whether the contractor…

Q: Q3 contractor is considering the purchase of either a new track-type tractor for $90,000 which has a…

A: To determine which track-type tractor the contractor should choose based on equal replacement…

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: Question 14: What is a key characteristic of the preconstruction stage? o walkdown of the site o…

A: 14)  procurement  15) False  The wrong judged prices will be equally shared by both contractor and…

Q: An engineer serves as the sole point contact with a state agency accepting bids for an upcoming…

A: Answer - C - Report the company , return the tickets and reject the bid.

Q: If a contractor entered in contract with a public agency to construct a pipeline from points A to B,…

A: Before any changes public agency has to construct pipeline from A to B.

Q: how much money should be included in the overall bid price

A: Unit price contract is contract based on quoted price. So, unit price will be fixed.

Q: The contractor implements last planner on the project. During week 1, the following tasks are…

A: The percent plan complete (PPC) for week 1 is calculated as shown below:…

Q: Labor cost comparison of the burdened rates for a concrete mason and a concrete finisher. Must be…

A: Here's a detailed calculation for better understanding. Pay Hours Calculation:Base Pay: 50 hours ×…

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

A:

Q: Please show all cash flow diagrams and math calculations

A: Answer image:Given thatInterest rate i = 12%-Alternative AAlternative BFirst…

Q: A machine cost $450,000 to purchase. Fuel, oil, grease, and minor maintenance are estimated to cost…

A:

Q: Determine the Average Cost if the total cost of the production is $150 and the total numbers of…

A: Given data, total cost of the production = $150Here in question number of production unit is given…

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.