Describe 5 causes of time and cost overrun in construction projects.
Describe 5 causes of time and cost overrun in construction projects.
Describe 5 causes of claims and disputes in construction projects.
Describe 5 examples for the application of the principles of value engineering in construction projects. **This is an example cant be used Function: Provide floor finish. Performance Criteria: Cost Aesthetics Service life Safety Durability, etc. **
A time overrun is defined as the inability of a contractor to complete a construction project within the original contract time schedule. From past records, it has been observed that 15 out of every 100 state contracts in a certain state result in time overruns. Next year, the state intends to let out 10 construction contracts. (a) Find the probability that more than 2 of next year’s contracts will have a time overrun. (b) Find the probability that exactly 3...
8. What is collective bargaining? How does it apply to the management of construction projects? 9. Briefly describe how project scheduling responds to the old adage: "time is money 10. How does waste management figure into sustainable construction practices and what does it require from building contractors? 11. Briefly describe three types of changes that may require a construction contract to be modified 12. What is a construction project's schedule of values? Describe how it relates to "cash flow" and...
Describe patterns of disease for the Measles and Opioid Epidemic: Causes Prevalence Patterns over time
The Charming City Construction Company is considering five projects. The projects, the number of supervisors and the number of workers required for each project, and the expected NPV for each project are given below. Project 1 2 3 4 5 __________________________________________________________ Supervisors Required 4 3 5 3 4 Workers Required 15 24 35 20 24 NPV (in thousands of dollars) 200 280 320 220 280 The objective is to maximize...
Public construction projects are becoming increasingly expensive and complex. Research public financing of projects, including alternative methods. What do you view as the best way to finance public work projects? Why?
The City of Waterman established a capital projects fund for the construction of an access ramp from the parking garage to the city's office building to be used by individuals with disabilities. The estimated cost of the ramp is $221,000. On January 1, 20X2, a 10 percent, $160,000 bond issue was sold at 104 with the premium transferred to the debt service fund. At that date, the county board provided a $61,000 grant. After a period of negotiation, the city...
QUESTION 8 The number of construction projects on a college campus follows a Poisson distribution with a mean of 3. The probability that exactly four construction projects are currently taking place is (Choose the one that is closest to your answer, 0.2240 0.4230 O 0.16810 0.0000
essay 650 to 750 words about how geomatics or Land surveying operations are usefull in civil and construction projects.