List and explain the two fundamental types of competitively bid construction contracts. Find the contract type that is mainly used for the construction of piers for supporting large suspension bridge and provide reason for the same.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 4, Problem 1RQE

To determine

List and explain the two fundamental types of competitively bid construction contracts.

Find the contract type that is mainly used for the construction of piers for supporting large suspension bridge and provide reason for the same.

Expert Solution & Answer

Explanation of Solution

The two fundamental types of competitive bid construction contract are as follows:

1. Lump sum contract:

In this contract, a proprietor agrees to provide a fixed lump sum amount of money to the contractor for the complete execution of project.

The owner will know about the entire project cost only during the commencement of the project.

This contract type is used in small projects where the scope and responsibility of the owner and contractor are well defined.

2. Unit price contract:

This type of contract depends on the estimation of quantities of items involved in a project and their corresponding unit prices.

The contractor’s overhead and profit are incorporated in the unit price.

The resources involved in the construction project are recognized, but the total quantity of work involved in the project is unknown at the time of contract.

The unit price contract is mainly used for the construction of piers for supporting suspension bridge, as the bridge is supported by multiple units of similar piers and unit price contracts provide flexibility to the contractor to fix the price of unit pier and execute repeated work.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

02:17

Students have asked these similar questions

Q.2 The girder AB as shown in Fig. 2 has a span of 18m and supports concentrated loads located as shown. Determine the plastic moment capacity MP and the plastic collapse load Pc for the given load conditions. Use either Equilibrium drVirtual Work method in your solution. [30 marks] 5P 5P C d B 6 m 6 m 6 m 18 m Fig. 2 - Prismatic Continuous

337 kN -Weld -25° 6 mm PROBLEM 1.33 A steel pipe of 300 mm outer diameter is fabricated from 6 mm thick plate by welding along a helix which forms an angle of 25° with a plane perpendicular to the axis of the pipe. Knowing that the maximum allowable normal and shearing stresses in directions respectively normal and tangential to the weld are σ = 50 MPa and 7 = 30 MPa, determine the magnitude P of the largest axial force that can be applied to the pipe.

2.2 Identify the Zero Force Members for the truss shown. Show your final answer with a sketch and mark the zero force bars with "0". D 700 N 500 N

Answer 2

Question

Chapter 4, Problem 1RQE

To determine

List and explain the two fundamental types of competitively bid construction contracts.

Find the contract type that is mainly used for the construction of piers for supporting large suspension bridge and provide reason for the same.

Expert Solution & Answer

Explanation of Solution

The two fundamental types of competitive bid construction contract are as follows:

1. Lump sum contract:

In this contract, a proprietor agrees to provide a fixed lump sum amount of money to the contractor for the complete execution of project.

The owner will know about the entire project cost only during the commencement of the project.

This contract type is used in small projects where the scope and responsibility of the owner and contractor are well defined.

2. Unit price contract:

This type of contract depends on the estimation of quantities of items involved in a project and their corresponding unit prices.

The contractor’s overhead and profit are incorporated in the unit price.

The resources involved in the construction project are recognized, but the total quantity of work involved in the project is unknown at the time of contract.

The unit price contract is mainly used for the construction of piers for supporting suspension bridge, as the bridge is supported by multiple units of similar piers and unit price contracts provide flexibility to the contractor to fix the price of unit pier and execute repeated work.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

02:17

Answer 3

Question

Chapter 4, Problem 1RQE

To determine

List and explain the two fundamental types of competitively bid construction contracts.

Find the contract type that is mainly used for the construction of piers for supporting large suspension bridge and provide reason for the same.

Expert Solution & Answer

Explanation of Solution

The two fundamental types of competitive bid construction contract are as follows:

1. Lump sum contract:

In this contract, a proprietor agrees to provide a fixed lump sum amount of money to the contractor for the complete execution of project.

The owner will know about the entire project cost only during the commencement of the project.

This contract type is used in small projects where the scope and responsibility of the owner and contractor are well defined.

2. Unit price contract:

This type of contract depends on the estimation of quantities of items involved in a project and their corresponding unit prices.

The contractor’s overhead and profit are incorporated in the unit price.

The resources involved in the construction project are recognized, but the total quantity of work involved in the project is unknown at the time of contract.

The unit price contract is mainly used for the construction of piers for supporting suspension bridge, as the bridge is supported by multiple units of similar piers and unit price contracts provide flexibility to the contractor to fix the price of unit pier and execute repeated work.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

02:17

Answer 4

Question

Chapter 4, Problem 1RQE

To determine

List and explain the two fundamental types of competitively bid construction contracts.

Find the contract type that is mainly used for the construction of piers for supporting large suspension bridge and provide reason for the same.

Expert Solution & Answer

Explanation of Solution

The two fundamental types of competitive bid construction contract are as follows:

1. Lump sum contract:

In this contract, a proprietor agrees to provide a fixed lump sum amount of money to the contractor for the complete execution of project.

The owner will know about the entire project cost only during the commencement of the project.

This contract type is used in small projects where the scope and responsibility of the owner and contractor are well defined.

2. Unit price contract:

This type of contract depends on the estimation of quantities of items involved in a project and their corresponding unit prices.

The contractor’s overhead and profit are incorporated in the unit price.

The resources involved in the construction project are recognized, but the total quantity of work involved in the project is unknown at the time of contract.

The unit price contract is mainly used for the construction of piers for supporting suspension bridge, as the bridge is supported by multiple units of similar piers and unit price contracts provide flexibility to the contractor to fix the price of unit pier and execute repeated work.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

02:17

Answer 5

Chapter 4, Problem 1RQE

To determine

List and explain the two fundamental types of competitively bid construction contracts.

Find the contract type that is mainly used for the construction of piers for supporting large suspension bridge and provide reason for the same.

Expert Solution & Answer

Explanation of Solution

The two fundamental types of competitive bid construction contract are as follows:

1. Lump sum contract:

In this contract, a proprietor agrees to provide a fixed lump sum amount of money to the contractor for the complete execution of project.

The owner will know about the entire project cost only during the commencement of the project.

This contract type is used in small projects where the scope and responsibility of the owner and contractor are well defined.

2. Unit price contract:

This type of contract depends on the estimation of quantities of items involved in a project and their corresponding unit prices.

The contractor’s overhead and profit are incorporated in the unit price.

The resources involved in the construction project are recognized, but the total quantity of work involved in the project is unknown at the time of contract.

The unit price contract is mainly used for the construction of piers for supporting suspension bridge, as the bridge is supported by multiple units of similar piers and unit price contracts provide flexibility to the contractor to fix the price of unit pier and execute repeated work.

Answer 6

Chapter 4, Problem 1RQE

To determine

List and explain the two fundamental types of competitively bid construction contracts.

Find the contract type that is mainly used for the construction of piers for supporting large suspension bridge and provide reason for the same.

Expert Solution & Answer

Explanation of Solution

The two fundamental types of competitive bid construction contract are as follows:

1. Lump sum contract:

In this contract, a proprietor agrees to provide a fixed lump sum amount of money to the contractor for the complete execution of project.

The owner will know about the entire project cost only during the commencement of the project.

This contract type is used in small projects where the scope and responsibility of the owner and contractor are well defined.

2. Unit price contract:

This type of contract depends on the estimation of quantities of items involved in a project and their corresponding unit prices.

The contractor’s overhead and profit are incorporated in the unit price.

The resources involved in the construction project are recognized, but the total quantity of work involved in the project is unknown at the time of contract.

The unit price contract is mainly used for the construction of piers for supporting suspension bridge, as the bridge is supported by multiple units of similar piers and unit price contracts provide flexibility to the contractor to fix the price of unit pier and execute repeated work.

Answer 7

Chapter 4, Problem 1RQE

To determine

List and explain the two fundamental types of competitively bid construction contracts.

Find the contract type that is mainly used for the construction of piers for supporting large suspension bridge and provide reason for the same.

Answer 8

Expert Solution & Answer

Explanation of Solution

The two fundamental types of competitive bid construction contract are as follows:

1. Lump sum contract:

In this contract, a proprietor agrees to provide a fixed lump sum amount of money to the contractor for the complete execution of project.

The owner will know about the entire project cost only during the commencement of the project.

This contract type is used in small projects where the scope and responsibility of the owner and contractor are well defined.

2. Unit price contract:

This type of contract depends on the estimation of quantities of items involved in a project and their corresponding unit prices.

The contractor’s overhead and profit are incorporated in the unit price.

The resources involved in the construction project are recognized, but the total quantity of work involved in the project is unknown at the time of contract.

The unit price contract is mainly used for the construction of piers for supporting suspension bridge, as the bridge is supported by multiple units of similar piers and unit price contracts provide flexibility to the contractor to fix the price of unit pier and execute repeated work.