How do cost estimators handle the challenge of estimating costs for healthcare facilities?

Q: Describe the two stages involved in pricing an estimate.

A: Pricing of estimate is defined as the approximate calculation of cost of the project. The…

Q: ● G: The client hires you to go to and personally source materials from China for 5 days. It was…

A: Given: The client decided to pay the architect to visit china for sourcing materials for the…

Q: Costs that include items that cannot be readily charged to any one project, but represent the cost…

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Q: Uusing the indices proved below compute the estimate of a house having 65,000 m2 of floor area, the…

A: Given, Cost index for Delhi = 1.20 Cost index for Agra = 1.14

Q: : A construction company had a number of projects and needed to a construction equipment to be used…

A: Given Data: Choice 1: The total cost of buying Equipment=$50000 Operational and repair cost=…

Q: What are the procurement methods in the construction industry? For each method, give a construction…

A: The selection of a sourcing method is critical to the completion of every building project.…

Q: What are the three degrees of accuracy that are acknowledged in capital cost estimation?

A: Here is the explanation of the three degrees of accuracy that are acknowledged in capital cost…

Q: What is the difference between first cost and life-cycle cost?

A: The difference between the First Cost and Life-cycle cost is given in following table.

Q: A bill is made out for a completed repair job. The bill is broken down into partsand labor. The…

A: Given:- Total bill = $84.57 Part cost = $27.68 To find:- The cost for labor

Q: Hi, Are you able to put the calculations in an excel showing the results?

A: Solution: In the past 50 days,  Severe traffic congestion = 10 days Mild traffic congestion = 20…

Q: Determine four reliable sources of building material pricing data

A: Here is the four reliable sources of building material pricing data.

Q: Why does the estimate of probable total cost need to be revised as the project progresses?

A: there are two reasons for revise cost of project as project progress.

Q: What are the different stages of cost benefit analysis? Explain briefly each stage.

A: The different stages of Cost-Benefit Analysis model are as follows: 1. Defining the framework for…

Q: 1. After determining the various materials needed for the construction project, why is it that data…

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Q: Based from the example, what is the number of uses for which purchase and rental costs become even?

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Q: Cost estimation plays a vital role in the success of any project. Explain the different tools and…

A: The cost estimation: Cost estimation is one of the important parts of a project, the process of…

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: Explain how an estimate is priced in two phases

A: Introduction: Estimated pricing is defined as an approximation of the project's cost. The…

Q: Give an insight and reflection about this "Development of cost engineering system in construction"

A: Introduction:- The current construction pricing system comprises not only budget production at the…

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: If the cost of a renovation in 10 years is expected to be $100,000 in “then present” dollars, what…

A: Inflation Inflation is the phenomenon or a situation that takes place in the country in which there…

Q: What is cost-of-service pricing? What is the relationship between value-of-service pricing and…

A: In type of cost-of-service pricing can be simply described as the cost for providing a particular…

Q: 01/A manufacturing concern produces a product which is sold at a price of $10.5 per unit. The…

A: Solution: Given: Selling price =$10.5 per unit Variable cost =$6.5 per unit Fixed cost =$50000

Q: How can the problems caused due to mobilization payment be solved?

A: Mobilization payments are the payments provided to a construction contractor or a supplier of…

Q: What is the consequence to the contractor of a government infrastructure project to the delay of…

A: Explanation- The construction industry is a driver of economic growth because it fosters development…

Q: Estimating prices of goods and services is very practice in the construction industry. Several…

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Q: There has been the recent news of inflated project cost in the country by some politicians. This…

A: Construction cost  It is a cost of built up area means how much we spend on constructing a given…

Q: Which of the following are included when estimating equipment costs? Mobilization Idel time…

A: When estimating equipment costs, all of the options you provided—Mobilization, idle time, and…

Q: Why is the accurate pricing of labor and equipment very difficult on some projects?

A: The labor and equipment are the most important part of any project. They both are connected to each…

Q: When a company is going to invest cash that they have on hand in a development, what discount rate…

A: Construction management is the back bone of the civil engineering. Under construction management…

Q: Who is responsible of sharing the risk problems at construction projects?

A: The given question is to determine the responsibility of sharing risk problems at construction…

Q: Determine the % of risk that has been transferred to sub-contractors given the following…

A: The given data is as follows: Materials=$150,000Labor=$158,000Equipment=$22,000Bonded…

Q: How did the romans influence the world when it comes to road building construction? 2. Would you…

A: Roman roads were the earliest roads and the road with proper camber for drainage purpose and they…

Q: How is the allocation of indirect costs usually done?

A: Let's first understand what is indirect cost: Indirect prices area unit those that can't be fully…

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: r invested $11,000 and the annual revenue was $4,000 in the first year, $4,000 in the second year,…

A: Given:- Invested amount=$11,000 annual revenue in  first year=$4,000 annual revenue in second…