What steps are taken for the success of the bargaining strategy/
Q: What is contingency basis of employment?
A: The terms "contingent worker," "agile workforce," and "contractor" are commonly heard in the…
Q: Explain what does the CPM method of time cost trade offs provide ?
A:
Q: True or false? Under the Partnering concept, all differences are intended to be resolved at the…
A: Given statement: Under the Partnering concept, all differences are intended to be resolved at the…
Q: Provide a technical justification for the following: i. Formula for price adjustment (escalation)…
A: Price adjustments on account of increases or decreases in the costs of products and services in…
Q: Discuss about the provision of workers compensation laws regarding to exclusivity and significant.
A:
Q: Smith’s advertisement for bids on the construction of a sewage-disposal plant stated: “$500 per day…
A: Given: Smith gave advertisement for bids on the construction of a sewage-disposal plant…
Q: What means are available to a contractor bidding a unit-price project for recovery of “General…
A: Front loading bids, unbalancing bids to retrieve mobilization costs. Owners set lump sum amounts for…
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: Define the term Contractual Allocation of Risk?
A: Risk management is the method of defining threats and deciding whether they can be distributed, and…
Q: Negotiated tenders will cost the employer more for the purpose of implementing the project by the…
A: Tenders mainly pass as per the price and regulations of the higher bodies. In which the whole…
Q: Determine the criteria for the selection of a contract. Time Cost Quality Risk
A: Brief concept introduction- Contract- A contract is an agreement between two parties that is…
Q: Why do the exact routes used depend on the method of project delivery?
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A: Part programming- NC part programming with CAD/CAM is a more advanced kind of computer-assisted part…
Q: Explain how an estimate is priced in two phases
A: Introduction: Estimated pricing is defined as an approximation of the project's cost. The…
Q: The Workplace Safety and Insurance Board is financed by: O Union Dues. Employer premiums. O Money…
A: The work place safety and insurance board is completely financed by employer premiums.
Q: What are the benefits of the forwarding the pricing change orders?
A: Forward pricing is defined as the estimated work cost which is yet to be carried out.
Q: How can an owner participate in the safety program at the construction project?
A: Involvement of owner in project is very important.
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: On a public contract covered under state laws regulating the payment of prevailing wages to all…
A: The state and local governments have mandatory that the companies who wants public works related…
Q: What is Bidder Prequalification?
A: Bidder Prequalification:
Q: What are the guidelines for Negotiations?
A: Three key guidelines of Negotiation:
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: What is the Assurance program at the federal project?
A: The federal projects are compulsory allied to the assurance program.The assurance program helps in…
Q: True or False? One option for competitive bidding is a lump sum proposal; one option for negotiated…
A: Let's talk about the first statement "One option for competitive bidding is a lump sum proposal"
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 fixed-price incentive contract?
A: Fixed price incentive contract is a contract in which a fixed percentage on the total target cost or…
Q: Question 14: What is a key characteristic of the preconstruction stage? o walkdown of the site o…
A: 14) procurement 15) False The wrong judged prices will be equally shared by both contractor and…
Q: What is the "Contractor's Risk" and how does it Relate to the type of Construction contracts to be…
A: Contractor's risk is defined as the association with a construction project. It is defined as the…
Q: What would be the result of failure to agree on change order pricing?
A: A change order is a work that has been removed or attached to the original contract of work, but…
Q: Long-term contracts? Multiple Choice increase transaction costs. reduce incentives for…
A: There are different types of contracts which are used to finish a project. Some of them are on the…
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: How much of an impact does a formal schedule have on the subcontractor's ability to make a profit?
A: A construction schedule is a timetable for each activity and event in a building project. The…
Q: What are the four guidelines for allocation of risk in construction contracts?
A: Risk is defined as an unpredictable occurrence or collection of circumstances that will impact the…
Q: Why is it important to understand how to choose the correct type of consruction contract to issue?
A: Answer:- Construction contract:- It is a mutual or legally binding agreement between two parties…
Q: What are some of the examples of fixed-price incentive contracts?
A: Fixed-price incentive contracts are fixed-price contracts but with the incentive given for finish…
Q: Differ between the unit price contract and contract price?
A: The contract which is made upon the basis of estimation of the unit price of materials used in the…
Q: Who is responsible for resolving the dispute?
A: Mediation The mediation aim is to have a neutral third party helping disputants reach consensus at…
Q: What is the Bargaining strategy?
A: - Bargaining is the method of negotiating a price of product so that it can be mutually acceptable…
Q: What are Guaranteed Maximum Price Contracts?
A:
Q: How can the Rights of way minimize the loss in Risk Management?
A: The essential loss control strategies are given as: Avoidance: This process is associated with…
Q: A construction manager just starting in private practice needs a van to carry crew and equipment.…
A:
Q: Some people feel that lump-sum contracts can foster amore contentious work environment than any of…
A: True
Q: What are the examples of unit price contracts?
A: The estimated quantities of items and unit prices on the hourly rates, rate per unit work volume…
Q: The process of controlling workflow procedures in the project, and to ensure the achievement of…
A: Workflow procedures Workflow is the chain of steps that need to be taken to complete tasks. A…
What steps are taken for the success of the bargaining strategy/
The process of bargaining includes:
- Preparation
- Discussion
- Clarification of goals
- Bargaining towards a win-win outcome
- Agreement
- Implementation of a course of action
Step by step
Solved in 2 steps
- What are some of the examples of fixed-price incentive contracts?Which of the following Project Delivery Methods provides an Owner a guaranteed final project cost for the least fee? Group of answer choices A)Design-Bid-Build B)Design-Build C)Construction Management - Agency d)construction management - liableWhat 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)?
- What are the four guidelines for allocation of risk in construction contracts?A contractor has made regular modest financial payments to one of your coworkers. They are less than the gift and hospitality register limitation, and they have been recorded as presents. What are the ethical issues encountered? What will you do in the situation? The above unethical situation deviates on which of the seven fundamental canons?How can the Disputes be solved in risk management?