Question 14: What is a key characteristic of the preconstruction stage? o walkdown of the site o procurements o turnover o industry review Question 15 An advantage of Unit-Price Contract is that the owner will be responsible for the [additional costs for underestimating quantities.] (True/False) Question 16: In which phase is the idea for a project evaluated to determine if it will be done? a. Execution b. Closing c. Definition and planning d. Concept and initiation

Question 14: What is a key characteristic of the preconstruction stage? o walkdown of the site o procurements o turnover o industry review Question 15 An advantage of Unit-Price Contract is that the owner will be responsible for the [additional costs for underestimating quantities.] (True/False) Question 16: In which phase is the idea for a project evaluated to determine if it will be done? a. Execution b. Closing c. Definition and planning d. Concept and initiation

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter8: Pricing Generally

Section: Chapter Questions

Problem 5RQ

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Similar questions

Q5: Explain difference between “Escalation and Liquidated Damages”. Write how site conditions affecting tender price.
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)?
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:
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Q1: Discuss “Contract System” of CNW KPK for civil construction work from inviting of tender to allotment of work.
Q4: Explain the role of computers in “Estimation and Tender Documentation Preparation”. Explain Time Scheduling of different construction activates for the execution of the projects.
What are the two primary instruments used to accomplish the work in procurement stage and when may theprocurement stage start?
As a construction project manager, what general categoriesof information would you want to have on a cost controlreport to properly evaluate what you think is a developingoverrun on an operation, “place foundation concrete,” thatis now underway and has at least five weeks to go before itis completed?
Are the quantities of supplies or work stated in the original Bid Schedule used to determine the final amount paid to a contractor under a unitprice contract?
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