An example of variable cost O a. Administrative costs O b. License costs O c. Labour costs O d. All of above
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- QUESTION 23 Costs that include items that cannot be readily charged to any one project, but represent the cost of operating the construction company are known as overhead: a. Field O b. Home office OC. project O d. All of the above•1 You are planning to build a new home with approximately 2,000–2,500 gross square feet of living space on one floor. In addition, you are planning an attached two-car garage (with storage space) of approximately 450 gross square feet. Develop a cost and revenue structure for designing and constructing, operating (occupying) for 10 years, and then selling the home at the end of the 10th year. 176A client plans to construct a manufacturing plant that involves multiple engineering disciplines. Calculate the total engineering fees including taxes based on the following: Mechanical Works, $1,540,000 Electrical Works, $1,780,000 Earth Works, $950,000 Civil Works, $2,125,100 Environmental Works, $1,325,000 Basis B fees = 14% There are no office feesDo not include the Contractor payment in the engineering fees. Taxes = 13%
- 3.. Negotiations is one of the methods for tendering procedures in selecting the main contractor to execute of the proposed construction project. a. Briefly explain the criteria, advantages and disadvantages of this method. b. Explain the following: i. ii. iv. Advance payment Interim payment Final payment Give ONE (1) example of interim payment by using percentage work done.Categorize the following costs as (a) direct, (b) project indirect,or (c) fixed overhead:LaborMaterialsMain office rentalTools and minor equipmentField officePerformance bondSales taxMain office utilitiesSalaries of managers, clerical personnel, and estimatorsA bill is made out for a completed repair job. The bill is broken down into partsand labor. The total of the bill is $84.57. Parts cost $27.68. What is the costfor labor?
- The activities involved in the construction of a small building are given below. The price of the work contained in each activity is listed in the table. The contractor undertaking this project would like you to prepare graphs of cumulative expense and income to date against time for activities starting as early as possible. The mark-up is 10% of tender value and retention is 5%. Measurement is made monthly with a payment delay of one month. The retention is paid at the end of the contract. To simplify the calculations, you may assume that all costs must be met by the end of the month in which they are incurred. What is the maximum amount of cash the contractor needs to execute this contract and when does he require this amount? No. Activity Duration (months) Predecessors Overlap Value (LE) 10 20 30 40 50 60 Excavation Concrete bases Erect frames Concrete floor slab Fix cladding Install plant 2 3 1.5 1 1.5 1 - 10 20 20 30 40, 50 - 1 1 1 1 - 9000 12000…. What are the payment provisions under JCT?There is a building that has 15 floors, a grocery store and a gym, the rent for the floors 1-5 is 3000 per month, for the floors 6-10 is 4000 per month, for the floors 11-15 is 5000 per month, for the grocery store the rent is 6000 per month, for the gym the rent is 6500 per month, the effective gross income is 12%, the operating expense is 8% and the capital expedinture is 6% and the annual market increase is 4%. Find the value of the building and the net operating income?
- 5. Assume a project where all possible receipts and payments, including the retention, are due one month after the project ends. For this project, the total amount of cash generated one month after the project have been received and all bills have been paid) will be equal to a. Gross profit b. Net profit c. Project contract amount d. General overhead over (when all paymentsDetermine the % of risk that has been transferred to sub-contractors given the following information: Materials = $150,000 Labor = $158,000 Equipment = $22,000 Bonded Sub-contracts = $400,000 Other Sub-contracts = 100,000 Overhead = 70,000 a. Risk cannot be transferred or mitigated 40% 50% 60% b. C. d.How is the allocation of indirect costs usually done?