What kind of cost-saving measures can be taken?

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: Is risk management important in the management of construction or IT projects?

A: Yes, Risk management is very much important in the management of construction or IT projects. both…

Q: Explain what does the CPM method of time cost trade offs provide ?

A:

Q: Why do the contract change need evaluation?

A: An agreement which follows the law is known as contract. The contract in construction is mutual or…

Q: How do Labor, materials, and equipment involve considerable risks?

A: The construction industry plays a vital role in the economy of any country, and hence employing a…

Q: Explain the levels of process maturity model.

A: in this question we are asked to find level of process maturity model.

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: How can Some of the risks be transferred to others by contract?

A: The risk management technique in which the risk in a contract for project is transferred from one to…

Q: Does over-creditting always exist in carbon offset programs?

A: A carbon offset is indeed a decrease in carbon dioxide or even other carbon emissions that is used…

Q: Question 1 - Resource Constraints Imagine you are managing a construction project to build a new…

A: Resource constraints are limitations or shortages of essential resources, such as funding,…

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Q: Is there a good reason for the high price and potential danger associated with replacing outdated…

A: Yes, there are several significant reasons for the high cost and potential danger associated with…

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: Should life safety be ranked behind construction costs since there are specific code requirements…

A: Should life safety be ranked behind construction costs since there are specific code requirements…

Q: Major projects require a great deal of pre-planning so that all employees and subcontractors can use…

A: Construction management should actively follow the most effective use of personnel, materials, and…

Q: How will the results of the comparison between the predicted and actual costs be used for future…

A: The results of the comparison between predicted and actual costs can be used in several ways to…

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: Why do the exact routes used depend on the method of project delivery?

A: The process of financing and organizing design, operations and construction task also the…

Q: Major projects require a great deal of pre-planning so that all employees and subcontractors can use…

A: Construction management should actively follow the most effective use of personnel, materials, and…

Q: What role does risk management play in the management of construction

A: Risk management is the process of identifying and analyzing the hazards that your company faces, as…

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: Why do the Contractors and owners view the problem differently?

A: Owner of a project is the wholesome authority who has the responsibility for the whole project. The…

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: 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: 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: How can the costs of delays caused by change orders be considered?

A: Delay allegations are one of the most frequent types of requests levied regarding building project…

Q: construction projects lessen the delays and officially help the company   What are the things that…

A: 1)  For any  project to complete in time, planning and scheduling of the critical activity is very…

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: What 10 Wired Equipment items need to purchase for a daycare business building?

A: For a  daycare business building equipment, here are ten basic items you should consider purchasing:…

Q: How do the Change orders create additional work for everyone in the industry?

A: Changes and extras can cause conflicts and prudent preparation is crucial in the contract stage.

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 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 happens when owners prioritize construction costs above life safety?

A: When owners prioritise construction costs above life safety,then this leads to structural failures,…

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: Why is it that looks count for so much? Imagine you planned a project with and without the help of…

A: Why looks count for so much ? Looks or aesthetic are important in any construction work or any…

Sustainable use of materials

Sustainable use of materials is the use of resources (energy, natural resources), their impact on the environment and the specific risks to human safety. In construction, environmental friendly materials are those where, by their production, placement and storage, low environmental impact acts have been performed.