Identify the types of renovation projects mentioned below and explain your answer. (10) The designer is busy
Question:
Identify the types of renovation projects mentioned below and explain your answer. (10)
The designer is busy choosing fabric for the restaurant’s torn chairs to be re-upholstered.
John, one of the maintenance worker’s is busy sanding down the wooden window frames of the meeting rooms to varnish them. They are sun facing and has deteriorated over time.
The maintenance manager is busy drafting an implementation plan for the hotel’s new heat pump water heating system to be installed. The change will result in major energy savings per month.
The hotel is in the process of installing plumbing risers.
The lobby is being refurnished by an interior design company since the systems, furnishing and layout has become obsolete.
Read the case study ‘A renovation in Retrospect’ at the end of chapter 12.
2.1. Assume that this was your hotel. Would you have allowed Bill to manage the project or not?
2.2. Identify two (2) pro’s and two (2) cons of letting Bill manage the project. (4)
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney