Construction Management
5th Edition
ISBN: 9781119256809
Author: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko
Publisher: WILEY
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Question
Chapter 2, Problem 14RQE
To determine
List the percentage of the total cost of a building as per the RS Means Building Construction Costs TM estimation for its
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What generally contributes most to the capital (construction) cost of a building? Is it materials? Construction labor costs? Is there a way to estimate the annual operating costs of a building? Research building construction and important considerations that might impact any decision on new construction?
(please include any references for your answer)
Define in your own words the construction cost estimate and list and describe the different types of construction estimates.
Briefly describe the difference between "Construction Management at Fee and Construction Management at Risk".
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- After determining the various materials needed for the construction project, why is it that data should be organized and presented like the sample of bill of materials?arrow_forwardInterpret the objectives of life-cycle costing and discuss the importance of determining building’s life-cycle costs. In your own understanding and make it short.arrow_forwardDetermine four reliable sources of building material pricing data.arrow_forward
- What is the purpose of a cost control system? |arrow_forwardMake a sketch of the flow chart depicting the steps in, and the cyclic nature of, a contractor’s cost accounting, cost reporting, and cost control systemarrow_forwardIs total fee $9,508,847.17 included include the contractor payment in the engineering fees? I only want calculate total engineering fees which doesn't include the Contractor payment in the engineering fees.arrow_forward
- How might the lessons learned from a construction project impact planning, performance, or services for future projects?arrow_forward45 From the following given options, identify building costs. a. Brokerage fees, taxes, title fees, and attorney fees related building only b. All the given options c. Purchase price of building only d. Wiring, lighting, flooring, and wall coverings of building only Clear my choicearrow_forwardis a dimensionless number associated with a point in time and/or location that illustrates the cost at that time or location relative to a base point in time or base location. A Cost Estimates B Cost Indexing Cost Analysis D Cost Comparisonarrow_forward
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