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: What discount rate should a corporation use in a life-cycle costing study when investing funds that…

A: This question deals with a corporation use in a life-cycle costing study when investing funds that…

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: 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: Topic: Quantity surveying Material pricing needs to include shipping costs, sales tax, and storage…

A: 1. False. Material pricing is based on direct cost which includes cost of raw material, equipment…

Q: Why do owners frequently call for alternative prices to be quoted with bids for construction work?

A: It Is quite common for project owners to ask contractors to provide alternative bids for work or…

Q: Imagine that you want to add a bathroom to a house. You get a copy of a cost estimating guide and…

A: There are many types of methods available to estimate the building's cost like plinth area mathod,…

Q: What are the components of work to which cost information are required by every estimator?

A: IntroductionCost estimation is the most important process of any project. The cost estimation is to…

Q: Determine four reliable sources of building material pricing data

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

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: The traditional procurement strategy has dominated organisations' approaches to procuring buildings…

A: A literature review can provide valuable insights into the use of traditional procurement and…

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

A:

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: 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 are the payment provisions under JCT?

A: JCT Standard Building Contract 2011 payment terms are relatively complex. The system relies on the…

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: How can we measure the benefits or costs in the same units in all projects?

A: The concept lies to cost benefit analysis. During valuation it’s very necessary to analyse the cost…

Q: How much should the engineer borrow from a bank that charges 10% simple discount for 6 months if he…

A:

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

A:

Q: is the result of paying suppliers, subcontractors, employees, and a host of other items such as…

A: Cash outflow is the result of paying suppliers, subcontractors, employees, and host of other items…

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: 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: 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…

Q: Accusoft Systems is offering small business owners a software package that keeps track of many…

A: The net present loss = $ 44000  Fee = $ 2500  Savings = $ 13500  Interest rate = 9%  Net savings…

Q: Imagine your company is building a new bridge project in a nearby province with full high-tech…

A: There are many costs involved in building a new bridge project with full high-tech lighting systems,…

Q: Explain the significance of unit cost in the context of a task order pricing structure.

A: A pricing structure establishes and arranges the prices of your company's goods and services. A…

Q: Depreciation, Interest, Taxes, Insurance, Storage, and License fees fall under what category cost?

A: Given data,given question related to the estimation and costing.let's discuss the depreciation,…

Q: 1) One of the following cost categories is a fixed cost: a) Property tax b) Income tax c) Shipping…

A:

Q: How can the measurement for payment be done?

A: The unit of measurement applicable for which payment will be made for facilities of the water system…

Q: What would be the result of failure to agree on change order pricing?

A: A change order is a work that has been removed or attached to the original contract of work, but…

Q: A contractor gets a bill for $545 for supplies purchased. The bill is notated1.5% 10/Net 30. What…

A: Given values: List price bill = $ 545 Bill notated = 1.5% 10/Net 30  Bill paid within 10 days