# Engineering Management.

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noqhyd8

Engineering

## Description

I have 11 question as a homework need to be solved.

Most simple question

Civil Engineering

Engineering Management.

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1. What is a construction cost estimate? 2. List and describe the three main functions of estimates in the construction industry. 3. Which two factors are assessed to determine if a project is feasible? 4. What is a conceptual estimate? 5. Why are preliminary estimates prepared? 6. If the construction cost of a bungalow of size 34'6" (10.5 m) × 40'9" (12.4 m) was \$120,790.00, what is the cost per square foot (square meter)? 7. If the average height of the building described in question 6 is 12'4" (3.8 m) to the roof surface, what is the cost per unit volume? 8. Based on your analysis in question 6, what would be the estimated price of a similar bungalow of this size: 30'0" (9.1 m) × 45'0" (13.7 m)? 9. List and describe the six elements of a detailed estimate. 10. What are the hidden costs of poor construction safety? 11. What effect does the introduction of construction company safety programs have on the process of estimating?
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1

Project cost estimation
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Project cost estimation

2

QUESTION 1
A construction cost estimate is a prediction of the amount of money that will be used in
executing a particular project, for instance, construction of a residential house. It is just an
approximation and therefore has uncertainties as market prices are ever varying. In estimating the
cost, price of the materials and labor payment rates are key in coming up with an accurate estimate.
It is expressed with a percentage accuracy, usually +/- %.

QUESTION 2
a) controlling expenditure
It monitors construction expenses as it gives boundaries of spending. A decent cost
estimate keeps the developer from losing cash and enables the client to abstain from overpaying.
a venture's execution against the aggregate time and cost evaluate.
b) It enables planning and budget preparation
Project proprietors utilize cost estimates to decide a venture's scope and affordability...

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