Development of an initial budget for the project.

Q: Who is the Employers Agent?

A: Employer's agent is defined as the term which is used for the description of the agent who is…

Q: After a six months of work on the projects site, your company collected the following information…

A:

Q: What are the Methods and procedures for providing tiebacks?

A: Various types of restrained wall systems such as tiebacks, screw anchors, dead men anchors, soil…

Q: Define a Class A, B, C and D Estimate?

A: In design operation, estimates are a way to compare the quantum of time, trouble, and coffers needed…

Q: Retention held by the owner-x% of bill to owner Total Direct Costs Retention held from the sub-y% of…

A: Calculate Retention and Direct Costs****Calculations:**Retention held by the owner is of the hill to…

Q: What measurements are taken for progress payments by the Resident Project Representatives?

A: The Resident Project Representative (RPR) person should work on full time basis whereas the engineer…

Q: Classify some of the  claims issues?

A: The construction claim is defined as a claim against the owner, by the contractor, or a claim…

Q: Describe the management and Turnkey Contracts?

A: A Turnkey Contract is one under which the contractor is responsible for both the design and…

Q: How does project costs usually prepared?

A: This question is related to Project Management and Construction from Civil Engineering. In this…

Q: You are the Team Lead of a Consultant building a multi-use facility. The facility consists of 150…

A: There are many methods to be adopted to prepare the bill of quantities and used for valuing work on…

Q: 1. Enumerate at least 5 components of project control. 2. Enumerate at least 2 major classification…

A: Project control : It is defined as a process which involves resources, management, cost planning,…

Q: . .Give some of the limitations of authority of Resident Project Representative?

A: A resident project representative presents comprehensive on-site observations to control the…

Q: Is total fee $9,508,847.17 included include the contractor payment in the engineering fees? I only…

A: Mechanical Works: $1,540,000Electrical Works: $1,780,000Earth Works: $950,000Civil Works:…

Q: . Is the contract lump-sum, unit-price, or cost-plus-fixed-fee?

A: The lump sum contract is the most common type of an owner-contractor agreement, and is fairly easy…

Q: Describe the major differences between Production Risk and Project Risk

A: Project Risk: It is an uncertain situation that can impact the project objective and achievement.…

Q: What is the final progress payment?a

A: The progress payment refers to the payment of the work based on the percentage completion. In most…

Q: 1. The calculation of the quantities of various items of work, and the expenses likely to be…

A: The calculation of various quantities of various items at work and expenses occur during execution…

Q: 13. is the process to determine the overall cost of project's construction. Fill in the blank

A: Cost estimate is the method of calculating inside the framework and time schedule all of the…

Q: 7. Discuss what are the primary ways in which project managers use estimates throughout the project?…

A: Project managers rely on estimates throughout the project to plan and track progress, allocate…

Q: oes a project's intended lifespan influence its estimated cost, particularly regarding maintenance

A: The intended lifespan of a project has a significant impact on its estimated cost, particularly when…

Q: What are the performance bonds?

A: Performance bond:

Q: What are the payment provisions under the construction act?

A: The construction act allows each worker under a construction contract to accept payment in stage…

Q: Why is a core team roster provided for RFI?

A: RFI stands for Request For Information (RFI) in construction RFI,seeks the clarification of…

Q: Is risk management necessary in construction or IT project management?

A: Yes, risk management is essential in both construction and IT project management. It's a crucial…

Q: consideration

A: For a stadium construction project  Engineering procurement construction(EPC)cost  All the materials…

Q: Give the reasons both in favor of and against the use of personal time charge as a cost estimate for…

A: In favor Personal time spend on the project must be charged in the cost estimate of the project as…

Q: 14. winning and. winning is the most common selection criteria for design-bid-build and design-build…

A: In this type of work design and development, separate portions are performed. Engineers and…

Q: Does every claim include some form of estimate?

A: Claims professionals square measure chargeable for estimating case outstanding on claims that square…

Q: What is the Assurance program at the federal project?

A: The federal projects are compulsory allied to the assurance program.The assurance program helps in…

Q: What would be the accurate time for the Bid conference?

A: The process in which takes place after the submission date end of tender is known as bid…

Q: What was the purpose of State Implementation Plans (SIPs) ?

A: State Implementation Plans (SIPs) are coming under the Environment protection act that protects the…

Q: The cost of building usually includes all of the following except a. any renovating or remodeling…

A:

Q: What is the cost-plus incentive fee?

A: Cost plus incentive fee Cost plus incentive fee is a fee amount in which there is a fixed amount and…

Q: Name the 10 main elements of the Cost Section of a proposal.

A: Based on the sponsorship and procurement criteria, a proposal can contain a variety of components. A…

Q: essary to retain at least one set of origi

A: When choosing a vendor to subcontract a project to, or to buy materials and services that are…

Q: a type of construction contract and make a brief discussion of its advantages and disadvantages to…

A: A contract protects both the builder and the owner by ensuring that expectations are clear from the…

Q: What kind of information is documented by the Resident project Representative at the job…

A: The  person  appointed on site as the representative for looking all the affairs of site is known as…

Classification of Legal Structure

The first step for the establishment of any company is to find a suitable legal structure. To determine the appropriate legal structure for a specific company or a venture, professional guidance is necessary for the deep understanding of various structure classifications, long-term targets, and certain choices. The categorization of different business legal structures comprises liability implications, income and taxation considerations for the company owners.