The main objectives of the estimating department in a construction company.

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Answer 1

Question

Chapter 2, Problem 1RQ

To determine

The main objectives of the estimating department in a construction company.

Expert Solution & Answer

Explanation of Solution

Introduction:

Developing an estimateincludes interactions with large number of people and dealing with a vast data. The estimating team will be able to produce efficient estimate by following well organized estimating procedures.

The main objectives of estimating department in a construction company are as follows.

To prepare construction cost estimates that allow the contractor to choose profitable work by competitive bidding process.
To check and verify the work which maximizes the accuracy of the estimate.
To generate the highest volume of the estimating work with the available resources to maximize the productivity.
To ensure that the project is most likelihood of success.
To provide a good atmosphere and a cooperative approach to the team within the estimating area that benefits the entire organization.

Conclusion:

Thus, the main objectives of the estimating department in a construction company are described above.

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Describe the two stages involved in pricing an estimate.

Answer 2

Question

Chapter 2, Problem 1RQ

To determine

The main objectives of the estimating department in a construction company.

Expert Solution & Answer

Explanation of Solution

Introduction:

Developing an estimateincludes interactions with large number of people and dealing with a vast data. The estimating team will be able to produce efficient estimate by following well organized estimating procedures.

The main objectives of estimating department in a construction company are as follows.

To prepare construction cost estimates that allow the contractor to choose profitable work by competitive bidding process.
To check and verify the work which maximizes the accuracy of the estimate.
To generate the highest volume of the estimating work with the available resources to maximize the productivity.
To ensure that the project is most likelihood of success.
To provide a good atmosphere and a cooperative approach to the team within the estimating area that benefits the entire organization.

Conclusion:

Thus, the main objectives of the estimating department in a construction company are described above.

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Answer 3

Question

Chapter 2, Problem 1RQ

To determine

The main objectives of the estimating department in a construction company.

Expert Solution & Answer

Explanation of Solution

Introduction:

Developing an estimateincludes interactions with large number of people and dealing with a vast data. The estimating team will be able to produce efficient estimate by following well organized estimating procedures.

The main objectives of estimating department in a construction company are as follows.

To prepare construction cost estimates that allow the contractor to choose profitable work by competitive bidding process.
To check and verify the work which maximizes the accuracy of the estimate.
To generate the highest volume of the estimating work with the available resources to maximize the productivity.
To ensure that the project is most likelihood of success.
To provide a good atmosphere and a cooperative approach to the team within the estimating area that benefits the entire organization.

Conclusion:

Thus, the main objectives of the estimating department in a construction company are described above.

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Answer 4

Question

Chapter 2, Problem 1RQ

To determine

The main objectives of the estimating department in a construction company.

Expert Solution & Answer

Explanation of Solution

Introduction:

Developing an estimateincludes interactions with large number of people and dealing with a vast data. The estimating team will be able to produce efficient estimate by following well organized estimating procedures.

The main objectives of estimating department in a construction company are as follows.

To prepare construction cost estimates that allow the contractor to choose profitable work by competitive bidding process.
To check and verify the work which maximizes the accuracy of the estimate.
To generate the highest volume of the estimating work with the available resources to maximize the productivity.
To ensure that the project is most likelihood of success.
To provide a good atmosphere and a cooperative approach to the team within the estimating area that benefits the entire organization.

Conclusion:

Thus, the main objectives of the estimating department in a construction company are described above.

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Answer 5

Chapter 2, Problem 1RQ

To determine

The main objectives of the estimating department in a construction company.

Expert Solution & Answer

Explanation of Solution

Introduction:

Developing an estimateincludes interactions with large number of people and dealing with a vast data. The estimating team will be able to produce efficient estimate by following well organized estimating procedures.

The main objectives of estimating department in a construction company are as follows.

To prepare construction cost estimates that allow the contractor to choose profitable work by competitive bidding process.
To check and verify the work which maximizes the accuracy of the estimate.
To generate the highest volume of the estimating work with the available resources to maximize the productivity.
To ensure that the project is most likelihood of success.
To provide a good atmosphere and a cooperative approach to the team within the estimating area that benefits the entire organization.

Conclusion:

Thus, the main objectives of the estimating department in a construction company are described above.

Answer 6

Chapter 2, Problem 1RQ

To determine

The main objectives of the estimating department in a construction company.

Expert Solution & Answer

Explanation of Solution

Introduction:

Developing an estimateincludes interactions with large number of people and dealing with a vast data. The estimating team will be able to produce efficient estimate by following well organized estimating procedures.

The main objectives of estimating department in a construction company are as follows.

To prepare construction cost estimates that allow the contractor to choose profitable work by competitive bidding process.
To check and verify the work which maximizes the accuracy of the estimate.
To generate the highest volume of the estimating work with the available resources to maximize the productivity.
To ensure that the project is most likelihood of success.
To provide a good atmosphere and a cooperative approach to the team within the estimating area that benefits the entire organization.

Conclusion:

Thus, the main objectives of the estimating department in a construction company are described above.

Answer 7

Chapter 2, Problem 1RQ

To determine

The main objectives of the estimating department in a construction company.

Answer 8

Expert Solution & Answer

Explanation of Solution

Introduction:

Developing an estimateincludes interactions with large number of people and dealing with a vast data. The estimating team will be able to produce efficient estimate by following well organized estimating procedures.

The main objectives of estimating department in a construction company are as follows.

To prepare construction cost estimates that allow the contractor to choose profitable work by competitive bidding process.
To check and verify the work which maximizes the accuracy of the estimate.
To generate the highest volume of the estimating work with the available resources to maximize the productivity.
To ensure that the project is most likelihood of success.
To provide a good atmosphere and a cooperative approach to the team within the estimating area that benefits the entire organization.

Conclusion:

Thus, the main objectives of the estimating department in a construction company are described above.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 2 - Prob. 1RQ Ch. 2 - Prob. 2RQ Ch. 2 - Prob. 3RQ Ch. 2 - Prob. 4RQ Ch. 2 - Prob. 5RQ Ch. 2 - Prob. 6RQ Ch. 2 - Prob. 7RQ Ch. 2 - Prob. 8RQ Ch. 2 - Prob. 9RQ Ch. 2 - Prob. 10RQ

The main objectives of the estimating department in a construction company.

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The main objectives of the estimating department in a construction company.

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