b) A management consulting firm has a backlog of 4 contracts. Work on these contracts must be started immediately. Three project leaders are available for assignment to the contracts. Because of the varying work experience of the project leaders, the profit (in R'000) to consulting firm will vary based on the assignment shown in Table 2. The unassigned contract can be completed by subcontracting the work to an outside consultant. Table 2: Profits Contract Project Leader 1 2 3 4 A 13 10 9 11 B 15 17 13 20 с 6 8 11 7 Find the optimal assignment and give the total assignment profit.
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- 1.What is the point at which an owner can begin to occupy a building or use it for its intended purpose? At the end of the warranty period After final completion When the payment bond is terminated After substantial completion 2.What is used to determine periodic payment amounts on unit price contracts? Submitted invoices, receipts, and timesheets plus the contractor's fee. A fixed, monthly installment negotiated at the start of the project. Schedule of Values and percentage completion on each pay item Unit prices originally bid and quantities measured.Which project delivery method is the LEAST favorable when the owner has no construction experience? DBB CM c. DB d. BOT Most risk to the owner When comparing Unit Price to Lump Sum contracts, which of the following is TRUE a. Bid Balancing can be used by contractors to earn more money in Lump Sum contracts b. Bid Unbalancing can be used by contractors to earn more money in Lump Sum contracts > Bid Unbalancing can be used by contractors to earn more money in Unit Price contracts4. Using a discounted rate of 12 percent, INITIAL COST NET CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 PROJECT A (BROILER) K100,000 (20,000) 10,000 40.000 40.000 150.000 PROJECT B (LAYERS) K100,000 33,000 33,000 33,000 33,000 33,000 a. Determine the net present value of project A and B b. Calculate the IRR on mutually exclusive investment of project A and B. C. Which project must the farm undertake and why?
- You are to be the Contract Administrator on a project for a new facility of a five story Girne American University dormitory that houses 850 students. The engineer suggests that in the case of cost-plus contract 18, 10, 3 and 10 percent should be added to the actual labor, Renewing the roof coverings, materials, and Internal alterations costs respectively. In the case of the cost plus fixed fee contract, the fixed fee should be £40,000. In the case of the cost-plus sliding fee contract, the fee should be 14%, 12%, 10% for resulting total cost in the ranges of £300,000 to £350,000; £350,000 to £375,000 and £375,000 to £425,000 respectively. For the cost plus guaranteed ceiling price contract, the fee should be £50,000 less 35% of any actual cost above the target cost £350,000. The expected cost for superstructure and the installation of new equipment is £192,000. a) Calculate the expected total cost of the project. b) Which of the above negotiated contract to you recommend…1) Pre-tender planning: a. Selection of site b. Estimate and evaluate predicted risks in the project. c. Pool the companies past experiences knowledge and specialists. d. None of the above 2) Project Consultant is responsible for: a. Site preparation b. Supervises and coordinates the work in the project c. Writing Claims d. None of the above 3) The estimated time required to perform an activity, is known as: a. Total float time. b. Independent float time. c. Free float time d. None of the above 4) Organizing of a project is: a. Arrangement of resources b. Directing of workers c. A controlling system d. None of the above 5) Project manager a. Must have a signed contract b. Can start before having a signed contract c. Not responsible for this d. all of the above 2 6) The total estimated cost required to perform a project , is known as a. Budget b. Fund c. Cash flow d. All the above 7) Subcontractor may be : a. Electrical contractor b. Specialist contractor c. Painter d. all of the above…The FWO has just made the winning bid of 54 million Rs. to construct a new Building. Company has assigned you to this project to help ensure that it stays on schedule. The contract includes the following provisions: • A penalty of 300,0000 Rs. if Project has not completed construction by the deadline 47 weeks. • To provide additional incentive for speedy construction, a bonus of 150,0000 Rs. will be paid to if the building is completed within 40 weeks. Estimated Duration Crew size Activity Activity Description Immediate Predecessors (Weeks) Norm, Min. A Excavate 2 B Lay the foundation A 4 3 Put up the rough в 10 6 3 wall D Put up the roof C 6 3 Exterior plumbing C 4 2 Interior plumbing 3 G Exterior siding D 3 Exterior painting E, G 9 3 Electrical work C 3 1 J Put up the F, I 4 wallboard K install the flooring J 4 4 2 L Interior painting J 4 2 Exterior fixtures Interior fixtures M H 2 1 N K, L 6 1 Develop a comprehensive plan based on AOA or AON diagram that includes answers to the…
- The G&E Company is preparing a bid to build the new 47,000-seat Shoreline baseball stadium. The construction must start on Jan 01 2022, and be completed in time for the finals of the 2024 season. A penalty clause of $250,000 per week of delay beyond October 1st, 2024 is written into the contract. George Earnings, the president of the company, expressed optimism at obtaining the contract and revealed that the company could net as much as $3 million on the project. He also said if they succeed, the prospects of future projects are bright since there is a projected renaissance in building classic ballparks with modern luxury boxes. ID Activity Duration Predecessor(s) 1 Baseball Stadium 2 Clear stadium site 70 days — 3 Demolish building 30 days 2 4 Set up construction site 70 days 3 5 Drive support piling 120 days 4 6 Pour lower concrete bowl 120 days 5 7 Pour main concourse 120 days 6 8…What is the minimum cost of crashing the following project at Sawaya Robotics by 4 days? NORMAL TIME (DAYS) CRASH TIME (DAYS) 5 4 ACTIVITY Design (A) Wiring (8) Chip install (C) 7 5 3 4 7 2 2 4 NORMAL COST 300 900 500 CRASH COST 1,100 1,200 350 975 575 Software (D) Testing (E) The minimum cost of crashing the following project at Sawaya Robotics by 4 days is $1,875 (enter your response as a whole number). IMMEDIATE PREDECESSOR(S) 1,300 1,650 A, B сStudents shall, with a point of view of him/herself as project manager (PM), submit a Project Management Plan (PMP) for the given engineering project below: - “Procurement & Installation of Emergency Generator at Fire station” Students are allowed to propose their own project, given that the projects shall have enough scale to address the element described below:- a. Student should produce a project definition statement regarding the proposed project. b. Student should propose a suitable project team to carry out the project. Student should in the PMP describe the duties and power of different team memebrs in the project. c. The PMP shall include a risk management plan, which student shall identify, analyse and proposed mitigations measures for smooth delivery of the project deliverables. The risk manamgenet plan shall include a risk register d. The PMP shall include a quality management plan, which student shall propose a method statement to control the quality of the delivery of…
- You are working on a manufacturing project having a budget of PKR 3,600,000 and expected time of its completion is one year. There is an ideal condition that your budget and work are evenly spread across the duration of the project that is twelve month. At the end of forth month, the senior management has called a meeting and invited all the stakeholders to brief about the status of the project. You being the PM of this project is giving the presentation to all the attendees and informed that project is on schedule and PKR 1,800,000 have already been spent on the project. Required: Calculate Cost and Schedule Variance What is SPI and CPI of the project? Estimate at completion and Estimated time to complete?Preliminary plans are underway for construction of a new stadium for a major league baseball team. City officials question the number and profitability of the luxury corporate boxes planned for the upper deck of the stadium. Corporations and selected individuals may purchase a box for $300,000. The fixed construction cost for the upper-deck area is estimated to be $4,500,000, with a variable cost of $150,000 for each box constructed. a. What is the breakeven point for the number of luxury boxes in the new stadium? b. Preliminary drawings for the stadium show that space is available for the construction of up to 50 luxury boxes. Promoters indicate that buyers are available and that all 50 could be sold if constructed. What is your recommendation concerning the construction of luxury boxes? What profit is anticipated?Stinnett Transmissions, Incorporated, has the following estimates for its new gear assembly project: Price $1,220 per unit; variable costs = $3.75 million; quantity = 90,000 units. Suppose the company believes all of its estimates are accurate only to within ±15 percent. What values should the company use for the four variables given here when it performs its best-case scenario analysis? What about the worst-case scenario? Pls don't copy answer i give up vote
