Fundamentals of Construction Estimating
4th Edition
ISBN: 9781337670999
Author: David Pratt
Publisher: Cengage Learning US
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Chapter 4, Problem 2RQ
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To explain: the importance of examining site work prior to estimate preparation.
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Fundamentals of Construction Estimating
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- 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_forwardOn what basis you can arrive at an estimation for your project?arrow_forwardWhat is the difference between a preliminary and detailed estimate?arrow_forward
- TM 2 List the given, required, graph and box the final answerarrow_forwardA 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_forwardStation Cut End Area (ft2) 10+00 240 11+00 362 12+00 443 13+00 406 14+00 261 15+00 101 For the data tabulated above, calculate the volume of excavation between stations 10+00 and 15+00. Express your answer in cubic yards to five significant figures.arrow_forward
- A 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_forwardcritique for Predicting Construction Cost Using Multiple Regression Techniquesarrow_forward
- In 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_forwardUnder a unit-price contract with a 25 percent guarantee requirement of all unit prices quoted, the engineer’s estimate of earthwork quantities totals 9,270 cubic meters. If the actual quantities measured in the field for paypurposes total 10,650 cubic meters, is a change order justified for the quantity change?arrow_forward
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