What is the process for a compensation event?
Q: What is contingency basis of employment?
A: The terms "contingent worker," "agile workforce," and "contractor" are commonly heard in the…
Q: Discuss about the provision of workers compensation laws regarding to exclusivity and significant.
A:
Q: What are the Methods and procedures for providing tiebacks?
A: Various types of restrained wall systems such as tiebacks, screw anchors, dead men anchors, soil…
Q: How should change be valued underJCT?
A: There are several kinds of changes in the scope of work that can be made during various stages of a…
Q: What is the difference between first cost and life-cycle cost?
A: The difference between the First Cost and Life-cycle cost is given in following table.
Q: What might a Compensation Event include
A: A compensation event is an event that is generally not the mistake of the contractor and can change…
Q: How can Some of the risks be transferred to others by contract?
A: The risk management technique in which the risk in a contract for project is transferred from one to…
Q: negotiations, why is it important to gather information about the other party
A: One of the most important keys to bring negotiations to a successful conclusion is information.…
Q: Interpret the objectives of life-cycle costing and discuss the importance of determining building’s…
A: Solution- Objective- The goal of life lifecycle costing would be to minimize life - cycle cost by…
Q: What is the role of the Resident Project Representative in value Engineering?
A: A resident project representative presents comprehensive on-site observations to control the…
Q: Why does the estimating process need to be scheduled?
A: The process of listing the activities, tasks with start and end date is called scheduling.…
Q: What are Contractual and Legal risks?
A: The success of lenders, owners, contractors or sub-contractors can depend upon how well each of them…
Q: How should the risks be allocated?
A: Risk allocation is basically a technique or method of identifying the risks and deciding whether…
Q: What role does risk management play in the management of construction
A: Risk management is the process of identifying and analyzing the hazards that your company faces, as…
Q: What are the alternative methods for dispute resolution?
A: Alternative dispute resolution is a method for resolving conflicts outside of the courtroom or…
Q: Who is responsible for Labor relation?
A: - Labor relation is a term used to define the process of communication relationship between…
Q: What is the basic symbol of activity in project planning??
A: There are generally 2 types of network diagram i.e. AOA(activity on arrow) and other is AON(activity…
Q: How are Risks Allocated?
A: Construction projects are technically of large value with time period of many years. The projects…
Q: How can the problems caused due to mobilization payment be solved?
A: Mobilization payments are the payments provided to a construction contractor or a supplier of…
Q: . What are the payment provisions under JCT?
A: JCT Standard Building Contract 2011 payment terms are relatively complex. The system relies on the…
Q: What is the role of a contractor in value engineering?
A: Value Engineering is a systematic approach for improving the value of products, services or goods…
Q: Explain the grounds of time extension and work suspension of private and/or government contracts.
A: Explanation- The Contract time extensions are granted for a number of reasons. They are used to…
Q: Why is the accurate pricing of labor and equipment very difficult on some projects?
A: The labor and equipment are the most important part of any project. They both are connected to each…
Q: The mayor has asked you to explain to the city council members how a SCADA system can save money.…
A: Hytyjhb jiggb bkuttoxkvxigdoysiysoysigs nhihua tdtdwigoh hifyeyfihohkfucjxhvkgjf mvkfhfkvlb…
Q: Who is responsible of sharing the risk problems at construction projects?
A: The given question is to determine the responsibility of sharing risk problems at construction…
Q: How is the allocation of indirect costs usually done?
A: Let's first understand what is indirect cost: Indirect prices area unit those that can't be fully…
Q: What is the cost-plus incentive fee?
A: Cost plus incentive fee Cost plus incentive fee is a fee amount in which there is a fixed amount and…
Q: What is a compensation event?
A: The compensation event is termed as “the event which is not generally the error of the contractor…
Q: How can we find asset value after 'a' years in service ?
A: The reduction in the value of an asset after serving a period of time is called depreciation. To…
Q: Is it vital to practise risk management while managing construction or information technology…
A: Risk management is the method of limiting or managing risk. In this process risk is identified and…
Q: What is the Spectrum of Risk?
A: The process of undertaking risks in the construction project to get returns in some certain amount…
Q: Explain the significance of unit cost in the context of a task order pricing structure.
A: A pricing structure establishes and arranges the prices of your company's goods and services. A…
Q: How can the Disputes be solved in risk management?
A: Risk management is important for preventing legal disputes.
Q: What kind of cost-saving measures can be taken?
A: - Various measures to be taken for cost saving includes : 1- Use of alternative material - Use of…
Q: What is a calculated risk?
A: A hazard or chance of failure whose degree of probability has been reckoned or estimated before some…
Q: What is the purpose of a price allocation form?
A: The price allocation form is a start to finish list of work item on a project that represent the…
Q: What is Risk Allocation?
A: The risk allocation is defined as “the process of identifying the risk factors and determining how…
Q: What are the rights of all the parties in construction operations?
A: The construction of huge projects requires expertise from every field. It involves collaboration of…
Q: A kind of monetary compensation provided to the employee for their work performance: Blank 1 Blank 1…
A: A kind of monetary compensation provided to the employee for their work performance Incentive.
Q: What is the term Cost in value engineering?
A: Value engineering is the method of reviewing an existing or new product during the design stage…
Q: Explain the principal guideline in determining whether a risk should be transferred or not?
A: In civil construction projects , if the projects are very large there are many uncertain conditions…
Q: Give the example of indirect costs?
A: Indirect cost: Indirect costs would be those who impact the whole business, such as depreciation,…
Q: Identify the various types of building costs
A: Answer :- Mainly Building cost is classified into some types and they are :- 1) Fixed Cost - This…
Q: What is the use of Management Structure?
A: Project Management is the application of processes, knowledge, skills, experience, tools and…
Q: What is the effect of climate on value engineering project?
A: Value Engineering Project: The Value Engineering is a basic approach which involves conscious and…
Q: What are the different types of Risks?a
A: The condition in which there is possibility of hazard or something bad happening is known as risk.…
What is the process for a compensation event?
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