All Matches

Solution Library

Expert Answer

Textbooks

Search Textbook questions, tutors and Books

Oops, something went wrong!

Change your search query and then try again

Result Not Found

Books FREE
Tutors
Study Help
Hire a Tutor
AI Study Help New

Search
Sign In
Register

study help
business
construction project management

Questions and Answers of Construction Project Management

Explain the effect on project indirect costs when a job is lengthened and when it is shortened.
In the real world, a limited number of days can be taken out of the schedule before it becomes impractical to try to shorten the schedule further. Though it is impractical to take the exercise to the
Why is it important to retain successive schedule updates throughout the project?
For the following simple seven-activity project, develop a precedence network, calculate all relevant characteristics of each activity (ES, EF, LS, LF, TF), and the project duration. Then go through
What is the basic objective of resource management?
Project managers have many resources that are not directly under their control, such as the designer and the owner. Provide some bulleted points describing how project managers can manage (influence)
What is the primary concern of material management on a project?
Provide some reasons why seeking the optimum manpower allocation is impractical.
Select a material used in the example building and diagram the supply chain for that material.
Why is expediting required on construction jobs?
For the following simple seven-activity project, develop a precedence network, calculate all relevant characteristics of each activity (ES, EF, LS, LF, TF), and calculate the project duration. Then
A material tracking log is a critical tool for managing the material resource and is an excellent application for a spreadsheet. Lay out a spreadsheet that could be used to track materials for the
What do the arrows indicate in Figure 19.5?Figure 19.5 ID 1 2 LO Task Name Layout Duration Start Mar 28, 10 Apr 4, 10 S S M W S S M 1 day Mon 3/29/10 Order Delivery Plants 4 days Tue 3/30/10 3 H
The AIA has standard contract documents similar to the ones provided in the Appendixes of this book, developed by the EJCDC. What differences in the content of their respective General Conditions
Look up the percentage of the total cost of a building that RS Means Building Construction CostsTM (a compendium of cost data, discussed later in this book) estimates for its architectural design.
Visit the McGraw-Hill Dodge Construction ReportsTM Website (http://dodge.construction.com) and find the three largest projects currently being bid in your state in the categories of engineering,
The blueprints for a one-story condominium project indicate that it will use high-performance engineered wood joists. The specifications, however, indicate that the joists will consist of cheaper,
What is the average tax rate paid by a single person with an$60,000 adjusted gross income for 2008?
What is the name of the amount of money that can be deducted directly from the computed tax, instead of from the taxable income?
Peachtree Construction, Inc., which is incorporated as a corporation, reported a NOL of $500,000 in 2008. Given the following data, how much of this NOL is likely to be available as a deduction from
A corporation had a net income before taxes of $1.2 million for 2008. Find the tax liability for this company.
Make a clear and neat sketch of the network specified below using precedence notation. On the precedence diagram calculate and showthe early start (EST), early finish (EFT), late start (LST), late
A new road section with concrete pavement, shown in longitudinal section, is 11,600 feet long. It is to be constructed in accordance with the following conditions: The balanced earthworks from
From the following network data, determine the critical path, early start, early finish, late start, late finish, TF, and FF for each activity. Highlight the critical path. 05 NC 1 F TI NX 2 I + 3 B
What is the future value 8 years from, of $ 2,000 invested today at a periodic interest rate of 12% compounded annually?
The table and graph that follows represent a contractor’s overdraft requirements for a project. Complete the table shown for costs, markup, total worth, retainage, and pay received.Retainage is
What were the reasons that originated the real estate bubble of the early to mid-2000s? Do some research to justify your reasoning.
What is the cost of a new CAT Standard Scraper 631G? (You may be surprised by its cost!)
Look up the names of the largest contractors reported by ENR in its three main categories: Heavy and highway, nonresidential building, and multiunit housing. Notice that the list also includes their
There have been many construction marvels in human history, of which this chapter mentioned only a few. Comment on three historical projects of your choosing not included here. Examples include the
What advantages do you see in consolidating the roles of owner, designer, and constructor shown in Figure 1.10? What disadvantages could it have?Figure 1.10 Owner Constructor Designer
Give examples of the management levels in construction shown in Figure 1.12.Figure 1.12 Hierarchical Level Focus on field action and technological processes Organizational Project Focus on project
What are the three major types of construction bonds? Why are they required? Name three items that affect bonding capacity.
In what major section of the contract is the time duration of the project normally specified?
Who are the three basic parties involved in any construction bonding arrangement?
What type of bond guarantees that if a contractor goes bankrupt on a project the surety will pay the necessary amount to complete the job?
What is the purpose of the following documents in a construction contract?a. General conditionsb. Special conditionsc. Addendad. Technical specifications
Why is the contractor normally required to submit a bid bond when making a proposal to an owner on a competitively bid contract?
What is the Miller Act and what does it specify regarding government contracts?
What is the purpose of the notice to bidders?
List the various specialty groups that are normally involved in the design of a high-rise building project.
How much money is the contractor investing in an advertised project available for bid at the time of:a. Going to the A/E’s office or checking the Web to look at the plans and specifications?b.
What are the major parameters to be considered in the prequalification assessment of a contractor? Investigate the local criteria used in the prequalification of both small housing and general
Obtain sample specification clauses relating to the quality of finish of an item such as face brick, exterior concrete, or paint surfaces. Who has the major responsibility for the definition,
Read those clauses of the general conditions of the contract for construction that refer to the owner, architect, contractor, and subcontractor. Then list the major responsibilities of these
An architect asks $100,000 for the architectural design of a new building. However, after the preliminary design is completed, the owner and the architect decide to stop the design process. How much
Visit the Dodge Data & AnalyticsTM website and find the three largest projects currently being bid in your state in the categories.
Obtain copies of the American Institute of Architects (AIA) standard contract documents and compare them with other standard contracts (e.g., Engineers Joint Contract Documents Committee (EJCDC)
What is the difference between liquidated damages and a penalty for late completion of the contract?
What is the purpose of retainage?
During what period can a contractor withdraw the bid without penalty?
As a contractor you have built a 100-unit apartment complex that rents for $450 per unit a month. For late completion, you were assessed $2,000 per day. Would you qualify the assessment as liquidated
Describe the procedures to be followed for the receiving and opening of bids. If possible, attend a bid opening and determine the number of bids that were submitted. For several unsuccessful bids
Scan a typical stipulated sum contract and identify those clauses that prescribe, modify, or are related to time considerations. Then develop a chronological timeline (similar to Figure 3.1) for the
Describe the procedure to be followed by the contractor who wishes to claim a time extension. What sort of documentation do you think is necessary to either refute or defend a time extension claim
Must a contractor accept and perform all the work involved in each contract change order? Is there a limit to the number or magnitude of change orders that can be applied to a contract? When can a
List the common causes of changed conditions in a building contract. What typical contract clauses bear on the problems caused by changed conditions? Suppose separate contracts are let for the
Prepare a punch list of deficiencies or repairs that you consider necessary for your room, garage, or classroom. Can any of these items be related back to the original acceptance of the facility?
How would you go about either documenting a claim for a contractor’s progress payment or its verification by the contract administrator for a typical building project in your locality?
Fudd Associates, Inc. submits a bid for $20 million. Mr. Fudd discovers at bid opening that all other bids are over $25 million. It is obvious that there is a mistake in his cost estimate. Could he
A contractor signs a contract for the construction of a $150 million ship harbor expansion. Before the Notice to Proceed is issued, a hurricane passes near the area and substantially changes the
Alright Construction, Inc., signs a contract with Casa Del Monte, Inc., to build five new 20-room modules for a large tourist resort in a Caribbean country. Casa Del Monte establishes liquidated
Name and briefly describe each of the two basic types of competitively bid construction contracts. Which type would be most likely used for building the piers to support a large suspension bridge?
If you were asked to perform an excavation contract competitively with limited boring data, what type of contract would you want and why?
Name three ways the construction contract can be terminated.
Name two types of negotiated contracts and describe the method of payment and incentive concept.
What is meant by unbalancing a bid? What type of contract is implied? Give an example of how a bid is unbalanced.
Why is cost plus a percentage of cost type of contract not used to a great extent?
Under what circumstances is a cost-plus contract favorable to both owner and contractor?
Valid contracts require an offer, an acceptance, and a consideration. Identify these elements in the following cases:a. The purchase of an item at the storeb. The hiring of laborc. A paid bus rided.
Suppose you are a small local building contractor responsible for the construction of the small gas station in Appendix F. List the specialty items that you would subcontract.
Visit a local building site and ascertain the number and type of subcontracts that are involved. How many subcontracts do you think may be needed for a downtown high-rise building? Why would there be
From the point of view of the owner’s contract administrator, each different type of contract places different demands on supervision. List the significant differences that would impact the
Visit a local contractor and determine the proportion of contracts that are negotiated against those that are competitively bid awards. Is this percentage likely to change significantly with small
The first progress payment received by the contractor is signified by the first vertical segment of the income curve in Figures 4.1, 4.2, and 4.3. Why is this first payment shown at the end of the
Some people feel that lump-sum contracts can foster a more contentious work environment than any of the other types of contracts discussed in this chapter. What is the basis for this perception? Do
An architect and a general contractor join forces and win a DB project contract. What risks could this arrangement have, from the owner’s perspective? What advantages could this ad-hoc enterprise
Comment on the advantages of the DB approach to project delivery that the Design-Build Institute of America (DBIA) provides on its website (www.dbia.org). Does the DB approach have any potential
Name the three principal forms of business ownership in construction and state the liability limits of the owners in each case.
Which legal structure is most difficult to establish and why?
Name three types of partnerships.
Describe briefly two advantages and two disadvantages of a corporate form of business organization as compared to a partnership.
Jack Flubber, who owns Sons of Flubber Construction Co., and runs it as a proprietorship, had gross profits last year of $80,000. His personal and family expenses are $52,000 and he has $7,000 in
What is meant by the term foreign corporation?
What would be the advantages of organizing as a subchapter S corporation?
Is it possible to characterize the legal structures of local contractors using the Yellow Pages as a guide?
What steps must be taken to set up a partnership? How can a partnership be dissolved?
In problem 5.5, what taxes would Jack pay if he organized as a closely held corporation (as described) and, after paying his salary, also issued himself a dividend of $10,000?Problem 5.5Jack Flubber,
What is the difference between par and book values of corporate stock? If an incorporated construction company wins a large cost plus fixed-fee contract, what impact might this have on the market
Uncle Fudd has decided to sell his ownership in Cougar Construction, Inc., to Cousin Elmer. How would the legal firm handling this transaction determine a fair price per share?
What is a limited liability corporation? Discuss its advantages and disadvantages. You can search the Internet for the brief IRS Publication 3402, Taxation of Limited Liability Companies, which
Many banks and similar lending institutions require that the chief executive officer (CEO) of small corporations (which usually are owned by the CEO and a few relatives) cosign any loan made to the
A stock market, such as the New York Stock Exchange (NYSE) or NASDAQ, trades shares (stock) of public corporations. What are some advantages of becoming public, from a corporation’s perspective?
Explain in your own words the concept of marginal tax rate.
Does a single individual making $500,000 pay the same marginal tax rate as another making $1 million? Explain.
You decide to sell a house that you bought five years ago with the purpose of renting it. Its purchase price was $300,000, and now its market value is about $500,000. How much should you expect to
What is the average tax rate paid by a single person with a $60,000 adjusted gross income for 2015?
What is the name of the amount of money that can be deducted directly from the computed tax, instead of from the adjusted gross income?
Which business enterprises pay untaxed profits to owners/partners who then pay the taxes on their individual returns?
A corporation had a net income before taxes of $1.2 million for 2015. Find the tax liability for this company.

Showing 1900 - 2000 of 2375

First
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

Services

Sitemap
Fun
Definitions
Become Tutor
Study Help Categories
Recent Questions
Expert Questions

Company Info

Security
Copyrights
Privacy Policy
Terms & Conditions
SolutionInn Fee
Scholarship

Get In Touch

About Us
Contact Us
Career
Jobs
FAQ
Campus Ambassador

Secure Payment

Download Our App

© 2024 SolutionInn. All Rights Reserved