What is the probability that the simple project will be completed in 29 days? and How long will it take for the project to most probably complete?

Q: Is the Wage and Hours LAW applied to all the projects?

A: Wage and hours law is the type of law that oversees the rate of wages an owner can pay its employee…

Q: How can construction project managers reduce the risk of accidents and provide safer projects?

A: Top 5 steps that a construction manager can take to reduse risk of accidents on site:

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: Planning

A: Project planning has several steps of implementation like what needs to be done, who should do it…

Q: You are now to renovate your bedroom to your dream bedroom at a certain budget given by your…

A: Renovate- It is a process to renew or rebuild so that something is in good condition. To renovate a…

Q: Can you produce an accurate forecast of the cost of a project using the cost-per-unit method of…

A: Estimation of the building is important in pre-planning so that a rough estimate can be prepared and…

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: 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: What are the two kinds of building project delivery systems?

A: Introduction: A project delivery method is a way for an agency or owner to arrange and fund the…

Q: How precise is a method for predicting how much an engineering project will cost?

A: It is asked to find the precision of a method for predicting how much an engineering project will…

Q: Using the same CPM diagram, what is the total project duration? Immediate Estimated Activity…

A:

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

A:

Q: What do the Daily Construction Reports include?

A: Daily Construction Report is a document that records on a project the everyday operations and is…

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: What are the three different project models for carrying out construction work?

A: Three different types of project models for carrying out construction work are as follows :-  EPC…

Q: 1/ For the project data shown in the table below. Find the expected time to achieve 45% (Assume that…

A:

Q: What are the types of meetings held at construction project?

A: Site discussions form an integral aspect of handling building ventures effectively. Daily site…

Q: Describe the different project delivery methods in construction. What are the advantages and…

A: Approach to solving the question: In construction, various project delivery methods cater to…

Q: Please explain the Coordination of a construction project with Area Economic Development Activities.

A: The objective of this question is to understand how a construction project can be coordinated with…

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: How do the costs of delay affect the home office overhead?

A: Home Overhead Office (HOOH) is the cost of higher-level management and other associated services…

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: Every Construction project goes through a series of main activities for the project to be…

A: Generally construction project goes through five stages before project completion which are listed…

Q: What is one of the essential tasks of the project manager during the construction phase?

A: The project manager has a vital role in construction phase of the project. All the tasks including…

Q: What is the purpose of a cost control system? |

A: Explanation:  The cost control system is a system in the project cost management that is to control…

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: 17. The CPM schedule provides a great deal of information that is useful to a construction project…

A: ''Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: How is the most cost-effective construction obtained?

A: The method of using the local building materials and equipment effectively to get the required…

Q: A. You are the project manager for a small construction. You have recently been hit by several…

A: In any project, there are two most important thing which must be delivered are quality and specified…

Q: Why is it important to have a planned maintenance program for tools and equipment?

A: Que:- Why is it important to have a planned maintenance program for tools and equipment?

Q: Describe the process of the Evaluation of Public Projects?

A: The process of project evaluation utilizes comprehensive review to collect data and show the…

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: Why is it important to revisit and revise cost estimates throughout the life of a project?

A: Why is it important to revisit and revise cost estimates throughout the life of a project?

Q: How accurate is a strategy for estimating the costs of engineering projects?

A: Construction projects are very different from products manufactured in assembly lines: each building…

Q: What are the different areas of responsibility,in project planning?

A: Project planning is about defining, optimizing and distributing the resources and tasks required to…

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: The contractor implements last planner on the project. During week 1, the following tasks are…

A: The percent plan complete (PPC) for week 1 is calculated as shown below:…

Q: Identify three factors that could help in reducing overhead costs in a project

A: To determine: The three factors that could help in reducing overhead costs in a project.

Q: Explain the following statement: The LBSR project was a self-certified project.

A: By permitting a certified expert to take accountability for and validate a project's conformity with…

Q: Why are the construction projects complex?

A: Construction projects: Construction projects involves lot of members ( from engineers,…

Q: What is meant by the cost plus percentage of cost?

A: The contract in which the buyer reimburse the project costs which are legitimate towards the seller…

Q: Question: Discuss the relationship between the design of a project solution and long-term…

A: Solution: The design of a project is always performed in such a way that it benefits the present and…

Q: In preparing a construction estimate, the project team uses the construction cost indexes as given…

A: Given  Similar project at city D  Project cost = 3598987 ,.  3 years ago  Index is given for 3 year…

Budget Estimating

The term budget signifies a plan over the long run, generally, a year that covers the financial expenses and revenues of any organization. This budget plan is known to estimate the growth and success of any organization. Civil engineering companies utilize project budgets for estimating project costs, construction costs, and other direct and indirect costs related to the project being undertaken. Project budget is a detailed statistical tool primarily used by project managers to estimate the overall project cost. The project budget is in the form of a document that includes all the costs which are incurred during the project undertaking and after the completion of the project. Large commercial projects have the project budget estimate in the form of large detailed pieces of documents which include every cost estimate regarding man and materials. Labor costs, material procurement costs, construction costs, and operational costs are some of the costs that are incurred during the project execution and planning phase.