You must decide between job offers from CPM Constructionand Fudd Associates. Both companies concentrate on sustainablecommercial construction, have similar fringe benefitsand offer comparable salary increases. CPMConstruction offers you a $20,000 sign-up bonus, whileFudd Associates will give you $30,000 after three years inthe job. Which offer would you take? Why? ConsiderEngineering Economy principles in your explanation.

You must decide between job offers from CPM Constructionand Fudd Associates. Both companies concentrate on sustainablecommercial construction, have similar fringe benefitsand offer comparable salary increases. CPMConstruction offers you a $20,000 sign-up bonus, whileFudd Associates will give you $30,000 after three years inthe job. Which offer would you take? Why? ConsiderEngineering Economy principles in your explanation.

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter8: Pricing Generally

Section: Chapter Questions

Problem 16RQ

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To act as an ethical engineer, you should accept fees for engineering work in which situation? (a) If you need the money to keep your business open and thriving. (b) If you are competent to complete all aspects of the job. (c) If the contract is a cost plus contract. (d) If there were no other engineers who bid on the job.
21. Engineering economics can help answer all of the following questions except a. Which project/alternative is more economical? O b. How long will it take before I have $1,000,000 in my bank account? O c. Shall I lease or buy a backhoe for my construction company? O d. How can I maintain a high standard of on-the-job safety for my employees? O e. None of the above
EXPLAIN YOUR ANSWER COMPREHENSIVELY. Mr. Jobert commissioned you to estimate the construction of a certain structure. As Engineers, our job includes giving detailed estimate inclusive of labor and materials. If approved, the contract for building the structure will be awarded to you. However, Mr. Jobert already had a previous consultation with Prudencio, an independent foreman, who offered labor and services at a cheaper price. How will you convince Mr. Jobert to engage in your services instead of Prudencio's? Cite applicable provisions of the Code of Ethics for such situation.
You should have picked up that companies that employ this message need cost recorded to generate revenue. In other words, it's vitally important that its subcontractors and vendors bill them timely and accurately. As a ProjectManager , ensure your subcontractors are complying and sending you their monthly requisitions on time?
Question 51 During the stage, retainage money will start to be returned to the contractors. O planning and contract O mobilization and startup O steady velocity O drawdown and closeout O amazon
G: The client hires you to go to and personally source materials from China for 5 days. It was agreed that the client pays you on a per diem basis and pegged the fees at Php 6,000/day. How much is your total RPF for rendering this type of service?
ABC Corporation has recently given out a nine-month contract to a construction subcontractor. At the end of the first month, it becomes obvious that the subcontractor is not reporting costs according to an appropriate WBS level. ABC Corporation asks the subcontractor to change its cost reporting procedures. The subcontractor states that this cannot be done without additional funding. This problem has occurred with other subcontractors as well. What can ABC Corporation do about this?
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1* Suppose you are a project manager of a power plant project and there is a penalty in your contract with the main client for every day you deliver the project late. You need to decide which sub-contractor is appropriate for your projects critical path activities. But while selecting a sub-contractor, you should take into consideration the costs and delivery dates.Sub-contractor 1 bids $250,000. You estimate that there is a 30% possibility of completing 60 days late. As per your contract with the client, you must pay a delay penalty of $5,000 per calendar day for every day you deliver late.Sub-contractor 2 bids $320,000. You estimate that there is a 10% possibility of completing 20 days late. As per your contract with the client, you must pay a delay penalty of $5,000 per calendar day for every day you deliver late.You need to determine which sub-contractor is appropriate for your projects critical path activities. Both sub-contractors promise successful delivery and high-quality…
Discuss overlap and underlap of subcontracted work and the problems associated with each condition.
Contractors are required to determine their build up rates for every work item in a contract. Failure to adequately determine the cost components of all work item can lead to under-pricing or over-pricing. Under-pricing will lead to significant loses in a contract whiles over prices may give significant profit when awarded the project. However, over pricing may lead to non- competitive pricing. Discuss the components of work to which cost information are required by every estimator. THE TOPIC IS UNDER CONSTRUCTION MANAGEMENT FOR ENGINEEER