Q: When estimating the costs of a project, the costs that are not associated with specific work items (e.g., materials, labor, equipment) that directly involve the physical construction of a facility are called .. (Select all that apply) Direct Profit Direct Cost Direct Estimate Direct item All of the above None of the above

Q: When estimating the costs of a project, the costs that are not associated with specific work items (e.g., materials, labor, equipment) that directly involve the physical construction of a facility are called .. (Select all that apply) Direct Profit Direct Cost Direct Estimate Direct item All of the above None of the above

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter13: Pricing Subcontractors' Work

Section: Chapter Questions

Problem 2RQ

See similar textbooks

Related questions

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: Categorize the following costs as (a) direct, (b) project indirect,or (c) fixed…

A: Direct costs are an expense that is directly traceable to a department, product or an activity.

Q: What means are available to a contractor bidding a unit-price project for recovery of “General…

A: Front loading bids, unbalancing bids to retrieve mobilization costs. Owners set lump sum amounts for…

Q: Use time and location indices given is the table to prepare the conceptual cost estimate of a…

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: You have recently completed construction on a project that was contracted under a CCDC2 contract.…

Q: PROBLEM (SHOW YOUR SOLUTIONS): A developer hired you as the architect for a subdivision development.…

Q: In the implementation of project planning in Malaysia, there are numbers of cost estimating…

Q: Q2 The details of production costs and revenues of project are as under: Total Cost Fixed Cost Sales…

Q: How are cost reports used by an estimator

A: Uses of Cost report:

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: The following eight activities constitute an overall bar chart portrayal of a 4-month project. After…

A: Note: It is mentioned that, after 1.4 months, cost is $ 80,000 which cannot be correct value. Now…

Q: Problem B Equipment Estimating Use the following information for a scraper. Actual cost (delivered)…

A: Actual cost of vehicle= $162000 Useful life = 6*1400= 8400 hrs Life of tires = 3500 hrs No of tire…

Q: 1* Suppose you are a project manager of a power plant project and there is a penalty in your…

A: C1 = $ 250,000 σ1 = 0.3 n = 60 days P1 = $5,000 C2 = $ 340,000 σ1 = 0.1 n = 20 days P1 = $5,000

Q: The XYZ Company has two plants producing " K Specials". It has the following expected data for the…

Q: Briefly describe the difference between "Construction Management at Fee and Construction Management…

A: question related to the construction managementlet's discus the difference between "Construction…

Q: 5. Assume a project where all possible receipts and payments, including the retention, are due one…

Q: 1.42 A company that manufactures general- purpose transducers invested $2 million 4 years ago in…

A: Given:- The amount for the investment = $2 million The number of years for the investment - 4 The…

Q: n the perspective of the owner, give examples of problems that may arise if an early estimate is…

Q: Q1-b- Answer to the following (answer five only) - Define the negative cash flow - What is the…

A: 1.Define the negative cash flow . Negative cash flow is defined as when a business spends more cash…

Question

Q: When estimating the costs of a
project, the costs that are not
associated with specific work items
(e.g., materials, labor, equipment)
that directly involve the physical
construction of a facility are called
.. (Select all that apply)
Direct Profit
Direct Cost
Direct Estimate
Direct item
All of the above
None of the above

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

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

The first progress payment received by the contractor is signifiedby the first vertical segment of the income curve inFigures 4.1, 4.2, and 4.3. Why is this first payment shown atthe end of the second month instead of at the end of the firstmonth?
Categorize the following costs as (a) direct, (b) project indirect,or (c) fixed overhead:LaborMaterialsMain office rentalTools and minor equipmentField officePerformance bondSales taxMain office utilitiesSalaries of managers, clerical personnel, and estimators
What is the company's working capital? TABLE P3.3 Balance Sheet, Peachtree Construction (31 December 2016) Assets Current assets Cash $243,146 Accounts receivable Trade accounts 201,573 Retainage 42,147 Total accounts receivable 243,720 Material inventory 1,873 76,142 Work in process (costs and estimated earnings in excess of billings) Prepaid expenses 6,148 Other current assets 782 Total current assets 571,811 Fixed assets 542,173 Machinery and equipment Cars and trucks 49,214 Furniture and fixtures 5,812 Total depreciable assets 597,199 Less accumulated depreciation 291,314 Net fixed assets 305,885 Total assets 877,696 Current liabilities Accounts payable 236,144 Retainage payable 21,312 Notes payable 84,211 Accrued liabilities 15,827 Work in process (billings in excess of costs and estimated 5,163 earnings) Other current liabilities 1,421 Total current liabilities 364,078 Long-term liabilities 138,481 Total liabilities 502,559 Capital stock 15,000 360,137 Retained earnings Total net…
5. Assume a project where all possible receipts and payments, including the retention, are due one month after the project ends. For this project, the total amount of cash generated one month after the project have been received and all bills have been paid) will be equal to a. Gross profit b. Net profit c. Project contract amount d. General overhead over (when all payments
Solve the Engineering Economics Problem.
After setting the equations in matrix form from part b) above, calculate all the cofactors of Matrix A. f) Which of the three resources do you expect Contractor 1 to price the most? Give two (2) reasons for your answer. g) Hence or otherwise, determine the price of Contractor 1’s labour, machinery and technology. NO HANDWRITING PLEASE. I HAVE A HARD TIME UNDERSTANDING. THANK YOU.
If you don't know the answer please leave it. Note: Give me right answer with explanation.
Construction-Management: i need the answer quickly i need all the steps, i need the answer in Handwritten.
The activities involved in the construction of a small building are given below. The price of the work contained in each activity is listed in the table. The contractor undertaking this project would like you to prepare graphs of cumulative expense and income to date against time for activities starting as early as possible. The mark-up is 10% of tender value and retention is 5%. Measurement is made monthly with a payment delay of one month. The retention is paid at the end of the contract. To simplify the calculations, you may assume that all costs must be met by the end of the month in which they are incurred. What is the maximum amount of cash the contractor needs to execute this contract and when does he require this amount? No. Activity Duration (months) Predecessors Overlap Value (LE) 10 20 30 40 50 60 Excavation Concrete bases Erect frames Concrete floor slab Fix cladding Install plant 2 3 1.5 1 1.5 1 - 10 20 20 30 40, 50 - 1 1 1 1 - 9000 12000…
Find the question, thanx.
Alpha Associates has the following details: Fixed cost = Rs.20,000,000 Variable cost per unit = Rs. 100 Selling price per unit = Rs. 200 Find (a) The break-even sales quantity. (b) The break-even sales (c) If the actual production quantity is 60,000, find contribution; and (i) (ii) margin of safety by all methods. IT
Note : This is not an assignment question.