Hon of crews that achieve the aforementioned objectives for the schedule. What will be the input and output of the model? Use schematic diograms and illustrations to illustrate the model. State how it is going to work in no more than 5 lines. Question # 3: (30 points) Part I: In tracking previous projects against competitor IAI. 12 projects were extracted as shown in the table. Your Project Your Cost Bid price for (A) bidding strategy was constant at 10% markup for all 1 $ 1,200,000 $ 1,320,000 projects. It is required to answer the following questions: 2 $ 2,000,000 S 2,280,000 3 S 1,500,000 $ 1.695,000 1. If you use the same bidding strategy (10% markup) in 4 $ 1.800.000 $ 2,070,000 a new project at an estimated cost of $ 5.000.000 5 S 1,250,000 $ 1,362,500 what is the probability of winning competitor (Ale 6 $ 3.300.000 $ 3,762,000 2. What is your optimum markup against [Al in this $ 7 $ 920,000 $ 1,058,000 8 $ 4,100,000 5,000,000 projecte $ 4,428,000 9 S 3,500,000 $ 3,990,000 3. If the project has a $3,000,000 cost, what will be the 10 $ 2,800,000 $ 3. 192.000 new optimum markup in this case? 11 $ 1,000,000 1,120,000 12 $ 6.100.000 $ 6,893.000 Use Freidman model in your answer Part II: your construction company has complete record of the previous bids including project owner, size, complexity, etc., what would be the best tool to define the optimal bid markup. How this tool is going to work, and what do you think will be its limitations? Part III: According to your risk project you did in the course, what is the contingency reserve to ensure 65% confidence level, for both project time and cost EDOMS 2/3 Page 2 of 2 Activate Window Go to Settings to activa Page 2 / 2 + 1 e A w PO Hon of crews that achieve the aforementioned objectives for the schedule. What will be the input and output of the model? Use schematic diograms and illustrations to illustrate the model. State how it is going to work in no more than 5 lines. Question # 3: (30 points) Part I: In tracking previous projects against competitor IAI. 12 projects were extracted as shown in the table. Your Project Your Cost Bid price for (A) bidding strategy was constant at 10% markup for all 1 $ 1,200,000 $ 1,320,000 projects. It is required to answer the following questions: 2 $ 2,000,000 S 2,280,000 3 S 1,500,000 $ 1.695,000 1. If you use the same bidding strategy (10% markup) in 4 $ 1.800.000 $ 2,070,000 a new project at an estimated cost of $ 5.000.000 5 S 1,250,000 $ 1,362,500 what is the probability of winning competitor (Ale 6 $ 3.300.000 $ 3,762,000 2. What is your optimum markup against [Al in this $ 7 $ 920,000 $ 1,058,000 8 $ 4,100,000 5,000,000 projecte $ 4,428,000 9 S 3,500,000 $ 3,990,000 3. If the project has a $3,000,000 cost, what will be the 10 $ 2,800,000 $ 3. 192.000 new optimum markup in this case? 11 $ 1,000,000 1,120,000 12 $ 6.100.000 $ 6,893.000 Use Freidman model in your answer Part II: your construction company has complete record of the previous bids including project owner, size, complexity, etc., what would be the best tool to define the optimal bid markup. How this tool is going to work, and what do you think will be its limitations? Part III: According to your risk project you did in the course, what is the contingency reserve to ensure 65% confidence level, for both project time and cost EDOMS 2/3 Page 2 of 2 Activate Window Go to Settings to activa Page 2 / 2 + 1 e A w PO
