An engineer serves as the sole point contact with a state agency accepting bids for an upcoming contract. The bid submitted by one of the contractor's is accompanied by two Superbowl tickets. What is the most appropriate course of action for this engineer? O A. Report the company, return the tickets and accept the bid. O B. Return the tickets and reject the bid. OC. Report the company, return the tickets and reject the bid. O D. Accept the tickets and accept the bid.
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- 1* Suppose you are a project manager of a power plant project and there is a penalty in your contract with the main client for every day you deliver the project late. You need to decide which sub-contractor is appropriate for your projects critical path activities. But while selecting a sub-contractor, you should take into consideration the costs and delivery dates.Sub-contractor 1 bids $250,000. You estimate that there is a 30% possibility of completing 60 days late. As per your contract with the client, you must pay a delay penalty of $5,000 per calendar day for every day you deliver late.Sub-contractor 2 bids $320,000. You estimate that there is a 10% possibility of completing 20 days late. As per your contract with the client, you must pay a delay penalty of $5,000 per calendar day for every day you deliver late.You need to determine which sub-contractor is appropriate for your projects critical path activities. Both sub-contractors promise successful delivery and high-quality…EXPLAIN YOUR ANSWER COMPREHENSIVELY. Mr. Jobert commissioned you to estimate the construction of a certain structure. As Engineers, our job includes giving detailed estimate inclusive of labor and materials. If approved, the contract for building the structure will be awarded to you. However, Mr. Jobert already had a previous consultation with Prudencio, an independent foreman, who offered labor and services at a cheaper price. How will you convince Mr. Jobert to engage in your services instead of Prudencio's? Cite applicable provisions of the Code of Ethics for such situation.Q1: Discuss “Contract System” of CNW KPK for civil construction work from inviting of tender to allotment of work.
- In a cost reimbursable contract, the GMP is established at $18,000,000. The contract calls for a fixed fee of one million dollars for the contractor as long as the actual cost does not exceed the GMP. There is an incentive clause that shares the savings below GMP 60% owner and 40% contractor. What is the owner's cost and contractor's profit if actual cost excluding contractor's fee is $17,400,000?HG Construction has recently won a contract for $1million dollars. Upon being award contract, HG contacts its subcontractors and asks them to lower their initial bid amou unethical action is known as:What means are available to a contractor bidding a unit-price project for recovery of “General Conditions Work” (mobilization, bonds, insurance, cost of permits, and other preconstruction expenses)?
- 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.What is the consequence to the contractor of a government infrastructure project to the delay of works of project?Explain Liquidated Damages.Q2. In a villa construction project, the client has made a mistake in the design and the contractor has suffered the consequences of this mistake. A dispute arises between the parties because of this issue. Both parties are agreed to use adjudication.a) From the scenario above, which entity has higher chances of being the responding party in the adjudication process? Justify your answer.b) List all roles of the responding party in adjudication.
- The following data are available on Del Fabbro International,Inc. The fixed (home office) overhead for the past year was$365,200. Total volume was $5.4 million. It is assumed thatG & A costs will account for $1.080 million of this volume.Del Fabbro uses a profit markup of 10%. The estimatingdepartment has indicated that the direct and field indirectsfor a renovation job will be $800,000. What bid price shouldbe submitted to ensure proper coverage of fixed overhead?Assume a 5% inflation factor and a 12% growth factor inthe calculation.General Contractors working an a project that requires several months to complete typically request payment from the Owner on a monthly basis. They submit what is referred to as a Pay Application. What do GC's typically ask for payment of? Group of answer choices A)Ordered materials and equipment B)Installed materials and equipment C)Materials and equipment stored on site D)A & B only E)A & C only F)B & C only G)All of the aboveSuppose you are an engineer in the real estate department of a foreign bank. The bank desire to give financial support for an energy power plant, but it has no idea on the Turkish construction industry. The construction investment department of the bank has recently formed, the personnel have no any experience in the market. Therefore, the amount of construction cost, the size of work are not exactly known and time is lacking to prepare plans a Select the type of the contract (pricing), b. Number of prime (principle) contractors, c. Method of procurement d. Bidding process (open, prequalified or negotiation etc.)