Write short notes on the following: a: Role of a quantity surveyor. b:Price escalation clause of contract. c: Earnest money deposit

Q: With an increase in quantities, the unit price drops due to: Reduced contribution of fixed costs…

A: With an increase in quantities, the unit price drops due to economies of scale. The fixed costs does…

Q: Draw class diagram using Rational rose software in payment system

A: A typical class diagram in payment system drawn by using rational rose software is as shown below

Q: What are the various types of contracts? Discuss various stages in contract placement.

A: The task of doing any work or item of work under some prescribed set or terms and conditions by…

Q: xplain on the total comparison analysis between workmen's compensation and contractor all risk…

A: Workers' compensation is a type of plan that offers pay substitution and healthcare benefits to…

Q: Given: C, = 10,000.00 C, = 500.00 %3D n = 5 years Tabulate the annual depreciation charge and book…

A:

Q: When are the unit price contracts used?

A: Introduction to Unit price contract Unit Price method is the kind of contract in which total cost of…

Q: What is the lump sum?

A: the lump sum amount is 23120.07/-

Q: Define the term fixed-price contracts?

A: A fixed-price contract is also known as a lump-sum contract or a firm-price contract. It establishes…

Q: Classify some of the  claims issues?

A: The construction claim is defined as a claim against the owner, by the contractor, or a claim…

Q: What are performance and payment bonds?

A: A performance bond seems to be a guarantee bond provided by a lending firm or bank to ensure a…

Q: Q3. A/ The taDie below is the value of the amounts contractor that were distributed to each of the…

A:

Q: Discuss Overlap and underlap of Subcontracted work and the Problem Associated with each Condition

A: The cases of overlap and underlap arise where work is not clearly identified as being part of a…

Q: How are the bidder's errors interpreted?

A: The Bidder's Error are interpreted in following ways : 1. When the the rates of the bidder's…

Q: Write technical explanation of the following; i. Price adjustment formula (Escalation). ii.…

A: i)  Price adjustment formula (Escalation) The upward trend of rates, known as price escalation, may…

Q: . Is the contract lump-sum, unit-price, or cost-plus-fixed-fee?

A: The lump sum contract is the most common type of an owner-contractor agreement, and is fairly easy…

Q: Describe the procedure of how partial payments to the contractor is done?

A: Partial payment is also called as progress payments. These payments are based on the percentage of…

Q: Describe the general conditions of the construction contract?

A: General requirements cover any part of the project, meaning that it may be complicated to break down…

Q: On lump-sum contracts, what are the  two methods available toutilize a PC computer in determining…

A: Lump-sum contracts : In lump sum construction contract, contractor fix a single fixed price for all…

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: A practice related to construction finance that can be interpreted as unethical is: A. front-loading…

A: There are many practices in the construction which are interpreted as unethical  Bribing…

Q: Does every claim include some form of estimate?

A: Claims professionals square measure chargeable for estimating case outstanding on claims that square…

Q: In the given project, the expected markup is 30%, four payments are expected to be paid to the…

A: Plot the given data:

Q: 41. The amount of money paid to the contractor by the client after the agreement and before the…

A: Advance Payment- It is the amount of money paid by the client to contractor after agreement and…

Q: What is the difference in between of bid bond and face value in bidding process ? (or in real…

A: A bid bond is a kind of a construction bond that safeguards a developer or an owner in a…

Q: How are partial payments made to the contractors?

A: In any construction project, the total amount to be paid to the contractor is not made in one…

Q: Are the quantities of supplies or work stated in the original Bid Schedule used to determine the…

A: The explanation of the quantities of supplies or work stated in the original Bid Schedule used to…

Q: What is an Advanced Payment Bond?

A: An advanced payment bond is also called an advanced payment guarantee, it is provided by the party…

Q: 12. 7. Explain one of the added costs that might be incurred by the contractor as a result of a…

A:

Q: How is the force account used as a payment method?

A: Force account is a method of payment used for additional work if the contractor and the State…

Q: How can the measurement for payment be done?

A: The unit of measurement applicable for which payment will be made for facilities of the water system…

Q: The first progress payment received by the contractor is signifiedby the first vertical segment of…

A: Figure 1: Project Expenses/ Income curves. Figure 2:Unbalanced bid income profile.

Q: Which formula can be used to estimate the Book Value?

A:

Q: 1. A contractor is to construct a tank to contain water for his construction project, given that the…

A: Height of the tank = h = 2.4m Diameter of the tank = d = 2.8m Width of the GI sheet = b = 1.20m…

Q: Advantage of Measured or Unit rate Contract اختر أحد الخيارات a. the tender sum tells him the exact…

A: Concept- Unit Rate Contract- A unit rate contract is based on anticipated material quantities and…

Q: What are Bid Bonds?

A: A big bond is one of a type of construction bond, which is a guarantee by the bidder or contractor…

Q: Describe the Standard Builder's Risk Insurance?

A: Builder's risk insurance seems to be a specialised form of property insurance which helps cover…

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: What are Stage Payments?

A: A stage payment is also called a schedule of payments, it is a list of dates setting out when…

Q: Describe the Negotiating tips?

A: Negotiation is a process through which conflicts are resolved by individuals. It is a mechanism…

Q: Most of the Negotiate :Contracts a nedule of Rates contracts C able percentage contract Competitive…

A: Cost plus types contract are mostly negotiable because this contract is usually done to finish the…

Q: The arrows on a Cash Flow Diagram need to be drawn to scale? a) True b) False

A: The arrow when used to depict the law of capital activities under a construction project with help…

Q: payees of the order instrument.

A: An order paper, or order instrument, is a negotiable instrument that is payable to a specified…

Q: Q1. Q2. Q3. Q4. Q5 Which of the following area in construction industry deals with tendering process…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: 6. Match the following terms with the most correct explanation Term Explanation Payment Bond…

A: 1) Payment bond:-  A payment bond is indeed a surety bond that somehow a contractor posts to ensure…

Q: The activities involved in the construction of a small building are given below. The price of the…

A: From the given data it is required to determine the maximum amount of cash the contractor needs to…

Methods of Surveying

Surveying is the practice to determine the relative three-dimensional positions of various points on the earth’s surface. This is done by computing the vertical and horizontal distances, angles between the points, collecting the observations, and plotting them on a map of any appropriate scale. Accuracy can be achieved by using the latest instruments like a theodolite, tachometer, etc. Leveling is a subdivision of surveying where the objective is to locate the elevation of objects considering a datum level.