A8 Mt Hokie_Fall 2023

CEE-3014 Construction Management Assignment 8 CEE-3014 Construction Management Page 2 of 4 C EE -3014 C ONSTRUCTION M ANAGEMENT A SSIGNMENT 8 – T HE M OUNT H OKIE P ROJECT J OB COSTING Setting: In the afternoon of the 27 th workday for Site Pro on the job of Mount Hokie, Tim Timer just finished his work on the new schedule. The schedule shows that the installation of the storm water system will be delayed. He gave the schedule to Peter, who was worried about the possible higher cost of completion. He called his old high school friend, Cassandra Costa, who works for an Architect/Engineering firm in Ohio. The telephone call went like this: Peter : Hi Cassy, it’s Peter. I have a little bit of a problem on one of our jobs and… Cassy : …and I’m supposed to help you out again. Peter : Yes, please! Cassy : I guess it has something to do with costs, right? Peter : Right. Cassy : Peter, why don't get yourself a book about construction cost control? Or even better, try to take a course in this. You can't turn to me all the time. I have a job to do here myself. Peter: Cassy, how about this? I'll promise you that I will get knowledgeable with this construction cost stuff, if you can do me this last favor. Please! Cassy : That does not sound like a good deal, but I will help you out this LAST time. Peter : Thank you so much! Peter sent Cassandra a fax with the old cost estimate and the three schedules from Tim Timer. He also added the following information to the fax: "The price of the bedding material actually turned out to be $19/LCY. As far as the placement and compaction of the bedding material is concerned, the price per LCY for each of them is $0.10 less than the estimate. The excavation is $0.74/LCY. That is indeed very close to our estimate. The price per LF for laying and jointing the pipes went up by $0.10. All other costs are as estimated."