What are the procurement methods in the construction industry? For each method, give a construction project as an example. (For example XXX is suitable for industrial plants, YYY for residential buildings

Q: Qf#4 Cost estimation plays a vital role in the success of any project. Explain the different tools…

A: Cost estimation is predicted amount of the money that is to be spend on the project. It's evaluation…

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

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Q: What are the type of risks in construction industry? describe each

A: Risk in Construction Industry; Risk is the chance of an event occurring which would cause actual…

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 various types of contracts? Discuss various stages in contract placement.

A: The task of doing any work or item of work under some prescribed set or terms and conditions by…

Q: CONSTRUCTION PLANNING ASSIGNMNET

A: Given :   To find: Linear relation between profit and units using MS EXCEL

Q: List the five price categories that need to be considered when pricing a construction estimate.

A: The costs of a constructed facility to the owner include both the initial capital cost and the…

Q: What are the three levels of accuracy recognized in estimating capital costs?

A: Different levels of cost of capital estimates offer key input for choices over the lifetime of…

Q: Interpret the objectives of life-cycle costing and discuss the importance of determining building’s…

A: Solution- Objective- The goal of life lifecycle costing would be to minimize life - cycle cost by…

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: D1. Construction Contracts and Bidding: i) Describe in details the different contract and bidding…

A: Introduction- The process of submitting a proposed tender to conduct or oversee the execution of a…

Q: discuss the medical services needed in construction projects, types of items needed?

A: In any construction project it is necessary to readily avail medical services to the injured or…

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

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Q: 20 Imagine that you want to add a bathroom to a house. You get a copy of a cost estimating guide and…

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Q: Draw a schematic diagram to illustrate the contractual relationships in the construction industry…

A: As civil engineers or relationship managers, we have to take responsibility for maintaining peace…

Q: List and describe the three main functions of estimates in the construction industry.

A: The three main functions of estimates in the construction industry are : 1. Provide a conceptual…

Q: The network of a small construction project awarded to a contractor is shown in the following…

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Q: Who is responsible for searching the products at construction project?

A: A construction project is the structured system of a building, structure or infrastructure being…

Q: Q- Idea and purpose of project t mean •......... All of them Each project has a goal, such as…

A: Idea and purpose of project is to be well defined with proper feasibility studies done by…

Q: What are the contractor’s financing charges on a project, and how is the cost of financing charges…

A: Brief concept introduction- Every project needs a contractor and he/she charges some fees to…

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: Describe how computers can help with the first stage in pricing an estimate.

A: Computers are one of the most useful tool in the sorting and listing phase, and even the recap phase…

Q: List Five Price Categories that need to be Considered when Pricing an Estimate

A: Project costs are cost required to carry out a planned business endeavor and they are a key topic in…

Q: Identify at least FIVE of the components identified in the text & in class which are included in…

A: Introduction- Calculating the worth of your job as a building contractor is difficult. To mention a…

Q: How are cost reports used by an estimator

A: Uses of Cost report:

Q: A contractor estimates that he could finish a project in 15 days if he has 20 men. At the start, he…

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Q: Estimate Costs is the process of developing an approximation of the monetary resources needed to…

A: The analytical procedure of quantifying, costing, and pricing the capital needed by the range of an…

Q: is rate of return resulting from the shuffling of funds within a company from project to project.…

A: Explanation -  Internal rate of return is a rate of return calculated from available cash flow and…

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

A: Brief concept introduction- Various materials needed for the construction project- A substance used…

Q: Describe in detail the bidding process for government infrastructure projects,

A: Here is the most Common using Bidding process

Q: Name two types of negotiated contracts and describe themethod of payment and incentive concept.

A: There are two types of negotiated contracts are as follows: 1) Cost+Percent of cost 2) Cost+Fixed…

Q: Q4/ The table below shows the duration and direct costs for the activities of a construction…

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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: Q: When estimating the costs of a project, the costs that are not associated with specific work…

A: The question is When estimating the costs of a project, the costs that are not associated with…

Q: The total estimated cost required to perform a project, is known as a. Budget b. Fund c. Cash flow…

A: Solution: The correct option to above given question is  Option d All of the above.

Q: How are the field cost indexes derived?

A: Field Cost indices in construction : Most of the information used to compile construction price…

Q: What are the most commonly used cost estimating methods for software?

A: Cost estimation  Cost estimation means estimating the cost values of various items involved in any…

Q: 4) Identify the different types of construction companies in the market.And  Explain the…

A: The different types of construction companies in the market are:- a) Contractors who specialize in…

Q: The tabular information of a certain engineering project is shown below: REVENUE AND COST ESTIMATES…

A: Given data, Cash inflow: Annual revenue = BD 25000 Salvage value = BD 20000 Cash outflow: Capital…

Q: Q2. Explain the demand, income, cross-price and supply elasticity for five (5) types of building…

A: The Five types of building material in construction are 1. Cement 2. Concrete 3. Steel 4. Timber 5.…

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

A: Traditional method  where the responsibility of a contractor is limited only to build. All design…