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construction project management

Questions and Answers of Construction Project Management

Pegg Construction, a partnership of three brothers, had a net income before taxes of $300,000. The brothers have agreed that all profit will be shared in equal parts. John Pegg is single and has an
Let us assume that we own our personal residence. One question of interest is, “If we depreciate real property (e.g., land, buildings, etc.), can we depreciate the house in which we live?”
Why are governments willing to agree to accept the concept of depreciation, which leads in many cases to a considerably lower level of taxation for business entities? The answer to this question
Calculate the base value or “lump sum” for each of the “single” and “married filing jointly” 2016 brackets given in Table 6.4.Table 6.4 ITABLE 6.4 Corporate Income Brackets and Tax Rates,
Verify the 5- and 7-year property class percentages by applying the 200% DB approach to a piece of equipment with a nominal value of $1,000. For the 7-year property class, in what year is the switch
Why do you think the 150% DB method is used as the basis for depreciation for 15-year and 20-year classes of equipment?
Find the yearly depreciation of a $100,000 five-year class concrete mixer, first assuming that it is new when purchased, and then that it is purchased as used equipment.
Develop cost codes for each element of the WBS shown in Figure 7.4. If you assign the account number 01-00-00 for the overall project, then a good account for the packaging and service area could be
Develop a two-level WBS consisting of at least 16 work packages for the building of the Brooklyn Bridge.
Develop a preliminary WBS for a small one-story commercial building to be constructed on the site of an existing small-frame structure. It is 30 by 60 feet in plan (see illustration). The exterior
Describe how you would develop a subcontracting plan for the construction of a small child-care facility.
A WBS shows a work package called Window Sill Flashing as a child task of Exterior Masonry and Windows. Both parent work packages are at the same immediately preceding level in the WBS. The masonry
The project manager of the gas station project shown in Figure 7.3 needs to change the project’s WBS so that it can be compared with cost and productivity information collected by the company.
Develop the precedence diagram network for the following project and then calculate the TF and FF for each activity. Mark critical activities with an asterisk. Activity a b C d e f 8 h j k Duration
Make a clear and neat sketch of the network specified below using precedence notation. On the precedence diagram calculate and show the early start (EST), early finish (EFT), late start (LST), late
From the following network data, determine the critical path, starting and finishing times, and TFs and FFs. Activity Description ST A B D E F G H I J END Start milestone Excavate stage 1 Order,
Using the information given in the figures below, develop a precedence notation CPM network for the bridge project described. Certain logical relationships are implied by the bar chart that has been
You need to provide a project’s owner with a three-week look-ahead schedule. Identify one benefit and one limitation of using a bar chart for the look-ahead schedule.
Develop an activity diagram for the following activity list. Label each activity and minimize crossing relationship lines. Activity A B D E F G H I K L M N O P Immediate Successors Z F N K, J G A, M
Why is it that all critical activities have TF of 0? Consider the definition of TF in your response.
(a) Using PERT, calculate expected project duration and determine the critical path in the network defined by the data below. (b) What is the probability of completing this project in 32 weeks or
(a) Given the data below for a small pipeline project, based on a PERT analysis what is the expected project duration?(b) What is the probability of completing this project in 120 days or less?
Consider the road job described in Figure 9.5, which consists of 14 road sections to be completed. The objective chart for this job is given. Assume that each month consists of 20 working days on
The objective chart for a 10-story building is show below. Each floor is divided into four sections (A, B, C, and D). The production for a typical section is shown in the objective chart. Calculate
Given the following charts, calculate the LOB quantities for July 1. What are these charts called? 40 Cumulative # of Units A B 32 1 24 C 2 D 3 4 E Lead time in work days 15 MAR APR MAY JUN JUL AUG
Discuss at least three disadvantages of PERT that, in your opinion, have contributed to its limited use. Do not include the shortcomings. Instead, discuss the challenges that it may encounter in its
How would you improve the popularity of LOB in the United States?
Examine the bar chart schedule with the activities and their durations as shown in the figure. The table shows how many resources an activity uses. Draw a histogram of resource use over time. Perform
Examine the network schedule with its activities, their durations, and initial cost plus extra cost for acceleration in the table. Draw its network diagram, determine the critical path, perform a
Examine the linear schedule with sequential activities A, B, and C as shown in the figure. Assume that B and C can be interrupted at integer work or time units and that any segments of activities
If your credit card’s APR is 24% compounded daily, what is the effective annual interest rate that you are paying?
Explain why sunk costs are not considered in the analysis of investment alternatives.
You want to accumulate $500,000 in a savings account in 20 years. If the bank pays 6% compounded annually, how much should you deposit in the account?
What would be the result of the previous problem, if simple interest were used?Previous problemWhat is the future value eight years from now, of $2,000 invested today at a periodic interest rate of
You must decide between job offers from CPM Construction and Fudd Associates. Both companies concentrate on sustainable commercial construction, have similar fringe benefits and offer comparable
You want to purchase a car with a sticker price of $25,000. The car dealer offers you a $2,000 discount and a 48-month, 8.5% APR compounded monthly, or no discount with a 4.0% APR on a 48-month loan.
Repeat the problem above, considering an inflation of 4.0%. How does inflation affect the results of the previous problem?Previous problemYou want to purchase a car with a sticker price of $25,000.
Develop the table below comparing the monthly payments for a 30-year $200,000 mortgage loan with its APR compounded monthly. APR (%) 0 4 8 12 0 Monthly Payment Difference
The total monthly payment for a home mortgage loan is affected by the property tax and insurance. This amount is around 15% of the principal plus interest payment that you calculated in the previous
Develop the table below by comparing the monthly payments for a $200,000 mortgage loan with an 8.00% APR compounded monthly. Years 100 30 15 10 5 Monthly Payment Difference
Find the minimum amount that a family should earn to afford the loan scenarios above. Use the same assumptions of the previous similar problem. A B Total Payment (1.15 x APR Monthly (%) Payment
CPM Construction plans to buy a truck for $150,000, and sell it for $15,000 at the end of five years. The annual operating cost of the vehicle is $60,000. What is the equivalent annual cost of this
What is the present value of the truck described above?
CPM Construction plans to charge $100,000/year for the truck described above (since the annual operating cost is estimated at $60,000, this means that the annual income will be $40,000). What is the
Given the following cost expenditures for a small warehouse project (to include direct and indirect charges), calculate the peak financial requirement, the average overdraft, and the ROR on invested
The table and graph that follows represent a contractor’s overdraft requirements for a project. Complete the table shown for costs, markup, total worth, retainage, and pay received. Retainage is
Given the following data with the direct costs for each activity as shown, calculate the ROR of the contractor.Assume that (a) the markup is 15%; (b) retainage is 5% on the first 50% of worth, and 0%
Maria Kichner is preparing to bid for a project. She has made her cost estimate together with the schedule of work. Her expected expenses and their time occurrence are as shown in the following
What is the cash position (overdraft) amount for the 1-Aug column in the table? Date Cash Inflow ($ received) Cash Outflow ($ expended) Net cash flow for month Cash Position (Overdraft) 1-Jun - 100
What were the reasons that caused the real estate bubble of the early to mid-2000s to burst, which caused a recession? Do some research to justify your reasoning.
What should be done to avoid a repetition of the real estate buddle of the early to mid-2000s, which caused a recession? Support your analysis with pertinent facts.
What is the present level of the prime rate? How does this rate relate to the current financing and overdraft charges for new building construction in your locality? (How many points above the prime
Referring to the example in Figure 13.2(a), suppose the market rent for a two-bedroom unit is $550 per month and for a three-bedroom unit is $650 per month. If the going cap rate is 10%, rework the
What determines the number of draws a builder can make in completing a facility? What is the existing policy regarding number of draws in your locality?
Suppose that for the multipurpose sports stadium example considered in the text, the bond issue was for 40 years and the annual interest rate is 9% of the bond principal. Using the architect’s
Suppose in the preceding problem that the bonds are financed by a bank that discounts the bond issue to $40 million. What is the new effective interest rate?
What are the major cost components that must be considered when pricing out a piece of equipment? How can a contractor manipulate amortization for a piece of equipment to increase or reduce direct
What is the quoted current price for a new average-sized scraper and a bulldozer?
You have just bought a new pusher dozer for your equipment fleet. Its cost is $100,000. It has an estimated service life of four years. Its salvage value is $12,000.a. Calculate the depreciation for
You have just bought a used track-type tractor to add to your production fleet. The initial capitalized value of the tractor is $110,000. The estimated service life remaining on the tractor is 10,000
Verify the 5- and 7-year property class percentage by applying the 200% DB approach to a piece of equipment with a nominal value of $1,000. For the 7-year property class, in what year is the switch
A customer estimates that he is getting 30 cubic yards (loose) of gypsum in his scraper. Determine the percent overload if the load estimate is correct. The maximum load capacity of the scraper is
Stripping overburden in the Illinois coal belt, the Dusty Coal Company uses 270-horsepower, track-type tractors (with direct-drive transmissions) and drawn scrapers. The overburden is a very soft
The ABC Company is planning to start a new operation hauling sand to a ready-mix concrete plant. The equipment superintendent estimates that the company-owned 30-yard wheel tractor scrapers can
Estimate the cycle time and production of a 30-cubic-yard wheel tractor scraper carrying rated capacity, operating on a 4,500-foot level haul. The road flexes under load, has little maintenance, and
How many trips would one rubber-tired Herrywampus have to make to backfill a space with a geometrical volume of 5,400 cubic yard? The maximum capacity of the machine is 30 cubic yard (heaped), or 40
You own a fleet of 30-cubic-yard tractor scrapers and have them hauling between the pit and a road construction job. The haul road is clayey and deflects slightly under the load of the scraper. There
You are excavating a location for the vault shown below. The top of the walls shown are 1 foot below grade. All slopes of the excavation are 1 to 3/4 per OSHA regulations (assuming type A soil) to a
You have four 35-ton, off-highway trucks hauling from a pit to an airfield job. The haul road is maintained by a grader and has a rolling resistance of 80 lb/ton. The road is essentially level and
You are given the following information about a dry-batch paving operation. You are going to use one mixer that has a service rate of 30 services per hour. The dry-batch trucks you use for bringing
The superintendent in a concrete batch plant has measured the following cycle times for a large pouring operation, for which she is using 10 trucks of 9 cubic yards each.a. What would be the
What is meant by the following terms?a. Yellow-dog contractb. Agency shopc. Subcontractor clause
What is a secondary boycott? Name two types of secondary boycotts. Does the legislation forbidding secondary boycotts apply to construction unions? Explain.
What is a jurisdictional dispute? Why does this kind of dispute present no problem in District 50 locals?
What are the basic differences between the AFL as a labor union and the CIO type of union?
What will be the impact on double-breasted operations and the right-to-work provision of the Taft–Hartley legislation if labor is able to revoke existing practices regarding common sites picketing?
Answer the following questions true (T) or false (F):a. ________ Some state laws authorize use of closed shops.b. ________ A union can legally strike a jobsite to enforce the provision of a
Compute the average hourly cost of a carpenter to a contractor. Assume the work is in a subsistence area and the daily subsistence rate is $19.50. The carpenter works the second shift on a two-shift
Identify the local labor unions that operate in your region. List the relevant business agents and the locations of the hiring halls.
List the labor unions that you consider would be involved in a project similar to the gas station project.
Visit a local contractor and a local hiring hall and determine the procedure to be followed in the hiring of labor.
Discuss the effects of the increasing popularity of nonunion contractors.
Ask a union tradesperson the monthly amount of his or her current dues for union membership. Does he or she consider that the benefits offset the membership fees?
Explain the difference between unit-cost estimating methods and resource enumeration methods. When would you use unit cost? When would you use resource enumeration?
What is meant by contractor O & P? Give three components that are considered in the O & P.
What is the difference between labor cost and labor productivity? Use a sketch to illustrate.
The partition wall shown below is to be constructed of 8 × 16 × 6 block. Estimate the cost of the wall to include labor, materials, and contractor O & P using the R. S. Means building cost data
Given the bridge abutment shown here, determine the number of worker hours required to form the structure using data from R. S. Means or other appropriate reference. 30' 50' 1 30' 8'
Find the labor cost, including overhead and profit for the formwork for 48 columns of 24ʺ × 24ʺ × 9ʹ. Use the data shown in Figure 17.7.Figure 17.7 03 11 13 Concrete Forming 13.25 FORMS IN
Revise the cost for the formwork for the columns of problem 17.6 if the carpenters earn $42.00/hr.Problem 17.6Find the labor cost, including overhead and profit for the formwork for 48 columns of
As a construction project manager, what general categories of information would you want to have on a cost control report to properly evaluate what you think is a developing overrun on an operation,
What are the major functions of a project coding system?
List advantages and disadvantages of the Uniform Construction Index (UCI) coding system.
Assume you are the cost engineer on a new $12 million commercial building project. Starting with your company’s standard cost code, explain how you would develop a project cost code for this job.
Develop a cost code system that gives information regarding:a. When project startedb. Project numberc. Physical area on project where cost accruedd. Division in UCIe. Subdivisionf. Resource
The following planned figures for a trenching job are available:At a particular time during the construction, the site manager realizes that the actual excavation will be in the range of 110,000
Categorize the following costs as (a) direct, (b) project indirect, or (c) fixed overhead:Labor Materials Main office rental Tools and minor equipment Field office Performance bond Sales tax Main
The following data are available on Del Fabbro International, Inc. The fixed (home office) overhead for the past year was $365,200. Total volume was $5.4 million. It is assumed that G & A costs will
Calculate the cost and scheduling variances for each of the work packages shown. What is the percentage complete for the entire package? QUANTITIES EST ACT FORECAST EST ACT FORECAST 1,000 600 200 93
Draw a hierarchical diagram of the work packages given, using the WBS code values. Calculate the BCWP and percent complete for all codes and work packages to include A.00 and B.00. Finally, compute

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