Fundamentals Of Construction Estimating
4th Edition
ISBN: 9781337399395
Author: Pratt, David J.
Publisher: Cengage,
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 4, Problem 2RQ
To determine
To explain: the importance of examining site work prior to estimate preparation.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
What are some of the problems that arise due to the burden fluctuation method?
The methods used to estimate the cost of a project during the selection phase are generally slower and consume more resources than those used to create detailed estimates in later phases.
True
False
I provided the answer. Explain the steps to get the answer given.
Chapter 4 Solutions
Fundamentals Of Construction Estimating
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.Similar questions
- A dynamic measurement machine used by Renshaw Instruments had a netannual cash revenue (GI - E) before taxes of $550,000 over its life of 10 years.Its first cost was $1.7 million when it was purchased 10 years ago. It wasstraight-line depreciated with n=10 years with a salvage value of $200,000. It wassold today for $200,000. The company’s Te = 36% and its after-tax MARR =15%. Was the purchase and use of the machine economically justified? solve using excelarrow_forwardWhy would a BOD value of 8 be considered to be poor?arrow_forwardOn what basis you can arrive at an estimation for your project?arrow_forward
- A machine costing P 480,000 has a life expectancy of 12 years with a salvage value of 10% of the first cost. What is the book value after five years using declining balance method? O a. P 183,892 O b. P 152,758 O c. P 214,785 O d. P 196,432arrow_forwardA constructor has two subcontractors for his excavation work. Experience shows that in 60% of the time, subcontructor was available to do a job, whereas subcontractor B was available 80% of the time. Suppose Ea denotes the event that subcontractor A is available, ans Eb denotes that subcontractor B is available.a. Are Ea and Eb statistically independent? Explainb.Are Ea and Eb mutually exhaustive? Explainc.Are Ea and Eb collectively exhaustive? Explainarrow_forwardQuestion 3 Elucidate the tasks of the quantity surveyor in the estimating team for various types of construction businesses and state your point of view on estimating function in the mentioned various types of construction businesses.arrow_forward
- critique for Predicting Construction Cost Using Multiple Regression Techniquesarrow_forwardIn the implementation of project planning in Malaysia, there are numbers of cost estimating techniques at the early stage of a project, in order to forecast the construction cost. Describe the usage purposes of the preliminary estimate and the appraisal estimate in cost estimating techniques. (a)arrow_forward2.1 One of the key competencies of a Quantity Surveyor is to be able to deal with the commencement and the completion procedures of a construction project. a. What are the roles of a Quantity Surveyor in the contractual arrangements of a construction project?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Fundamentals Of Construction EstimatingCivil EngineeringISBN:9781337399395Author:Pratt, David J.Publisher:Cengage,
Fundamentals Of Construction Estimating
Civil Engineering
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Cengage,