construction management 1. Your parent organization has retained you as a Construction Manager for a BuildingConstruction Project they are undertaking. Discuss the functions of your position in theconstruction project2. Explain why it is important to use a contract in a construction project3. State any three (3) types of construction contracts used in construction projects betweenclients and contractors.4. State two (2) reasons why contractors engage sub-contractors in a construction project.5. State any four (4) different styles of leadership that a construction manager may adopt in hisrole to effectively oversee a construction project.

Managing a construction project requires you to wear a variety of hats. In addition to being a…

Answered: 1. Your parent organization has…

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter9: Pricing Construction Equipment

Section: Chapter Questions

Problem 2RQ

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Rank the 4 types of contracts according to its advantage to a project contractor. Discuss why by citing its attributes.
Who is responsible for contracting for subcontractor services for construction on a project? a. The owner b. The architect c. The engineer d. The constructor e. All of the above
Name and explain; in which construction contract is given an accurate price for a project and protect the project parties’ rights more?
What is the "Contractor's Risk" and how does it Relate to the type of Construction contracts to be used on a Project ?
In a construction contract, which is the best party to bear the various risks?
Must a contractor accept and perform all the work involvedin each contract change order? Is there a limit to the numberor magnitude of change orders that can be applied to a contract?When can a contractor refuse to accept a changeorder?
1. True or False? A payment bond provides the construction contractor a guarantee that they will receive timely payment for properly completed work 2. True or False? The terms price and cost are the same thing as it applies to a construction estimate. 3. From the following list, which item is least governing when interpreting a contract requirement?a. The Contract Agreementb. Amendments to the Contract Agreementc. Section view drawingsd. Specifications
Appraise the right and responsibilities of the following practitioners in a construction contract, explain it briefly and include examples. Owner Architect Engineer Contractor
If the specifications are silent on the subject, but a contractor asks you, as the Resident Project Representative or inspector, how to perform the work, which of the following is the recommended procedure? a. Be ready to help by telling the contractor your opinions,because as a member of the construction team,it is your responsibility. b. Politely decline because construction means andmethods are the sole prerogative of the contractor.c. Direct the contractor how to perform the workbecause you know that if the contractor asked you,it meant that he or she did not know how to execute the work, and the project may otherwise suffer delays or failures.
C. You have been employed by a newly established construction company as the project’s manager. You are bidding for a construction project for the first time, but your CEO who happens to be a retired military officer does not understand why the employer is requesting tenderers to attach Tax clearance certificate, Power of an attorney, SSNIT clearance certificate, Bid Bond / Bid security and Certificate of incorporation and to commence business. Explain to him the need for these attachmen ts.
Contractors are required to determine their build up rates for every work item in a contract. Failure to adequately determine the cost components of all work item can lead to under-pricing or over-pricing. Under-pricing will lead to significant loses in a contract whiles over prices may give significant profit when awarded the project. However, over pricing may lead to non- competitive pricing. Discuss the components of work to which cost information are required by every estimator. THE TOPIC IS UNDER CONSTRUCTION MANAGEMENT FOR ENGINEEER
Which of the following Project Delivery Methods would be best suited to an Owner that is not as concerned with design and construction details, only wants a completed project that meets their functional requirements? Group of answer choices A)Design-Bid-Build B)Design-Build C)Construction Management - Agency D)Construction Management - Liab

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