Using the buyout values in Exercise 1, develop a new schedule of values for our case study project that was shown in Chapter 20 Data from exercise 1 Assume the following buyout values for the case study project Begin with the final bid estimate developed in Chapter 20 and develop a buyout log similar to Figure 24 2 You will have to look at examples presented earlier in the book and make a few derivations and assumptions to complete this exercise Figure 24 2 City Construction Company Buyout Log Project Carpenter's Training Center Spec Section Description 050000 Supply Steel 074000 Roof and Flashing 096800 Carpet 096520 VCT, Vinyl, RB 215000 Fire Protection 312200 Mass Excavation Project Manager Rhonda Martin Estimate Buyout Variance $175,000 $165,000 $10,000 $310,000 $317,500 $7,500 $91,045 $40,000 $51,045 w carpet $43,095 $43,095 $325,000 $338,900 $13,900 $584,600 $552,200 $32,400 Comments Low bidder dropped Carpet separate from others Weekend evening premium

The Answer is in the image, click to view ...

Question: Using the buyout values in Exercise 1, develop a new schedule of values for our case study project that was shown in Chapter 20. Data

Using the buyout values in Exercise 1, develop a new schedule of values for our case study project that was shown in Chapter 20.

Data from exercise 1

Assume the following buyout values for the case study project. Begin with the final bid estimate developed in Chapter 20 and develop a buyout log similar to Figure 24.2. You will have to look at examples presented earlier in the book and make a few derivations and assumptions to complete this exercise.

Figure 24.2

Storefront, excluding purchase of punch windows: Elevators, including cab upgrades: $3.2 million $1.2 million

City Construction Company Buyout Log Project: Carpenter's Training Center Spec Section Description 050000 Supply Steel 074000 Roof and Flashing 096800 Carpet 096520 VCT, Vinyl, & RB 215000 Fire Protection 312200 Mass Excavation Project Manager: Rhonda Martin Estimate Buyout Variance $175,000 $165,000 -$10,000 $310,000 $317,500 $7,500 $91,045 $40,000 -$51,045 w/carpet $43,095 $43,095 $325,000 $338,900 $13,900 $584,600 $552,200 -$32,400 Comments Low bidder dropped Carpet separate from others Weekend & evening premium

Step by Step Solution

★★★★★

3.44 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Construction Cost Estimating Questions!

Revise the lump sum schedule of values (as shown in the right column of Figure 24.3) by combining items to create a l0 line-item schedule of values. This is exclusive of Exercise 1. Figure 24.3 Data...

Utilizing the buyout log developed in Exercise 1, if the project was to finish with exactly those buyout values equaling as-built costs, and all other estimated costs were to equal actual costs...

How would your answers differ to Exercise 5 if this were an open-book negotiated project with a 7525% savings split favoring the project owner? Data from exercise 5 Utilizing the buyout log developed...

Assignment-1: (Assume that the new system will be a networked desktop system.) 1.. Develop a list of requirements for the SSL Case Study for a new Information System based on the statements provided...

1-1 Basic Skills and Concepts Statistical Literacy and Critical Thinking 1. Online Medical Info USA Today posted this question on its website: "How often do you seek medical information online?" Of...

2A. Assume the parameter values above, and that the economy is in its steady state in period 0. Assume that in period I the parameter A increases to 2. Make a new table showing the transition to the...

Read Chapter 6 of the book "How to measure anything". Now, write a letter to Mr. Williams, starting with the following statement: "Mr. Williams, currently you work with categorical risk metrics...

Management accounting assignment: Write a critique with reference list. Please help me write something as much as you could. Analysing technology investmentsfrom NPV to Strategic Cost Management...

If you will decide to pursue your higher education degree in five years' time. And you informed your parents that you want to go to International University of management to study your master degree...

The following table gives the number of organ transplants performed in the United States each year from 1990 to 1999 (The Organ Procurement and Transplantation Network, 2003): a. Construct a...

\ int _ 0 ^ { 2 \ pi } 8 \ left ( 1 + \ cos \ left ( 2 t \ right ) \ right ) dt

LO.6 What are the maximum postponed gain or loss and the basis for the replacement property for the following involuntary conversions? Property Type of Conversion Amount Realized Adjusted Basis...

Gogle Company recently began providing cafeteria services to its employees. Because revenue from the sale of food at the cafeteria does not fully cover cafeteria expenses, Gogle must pay for the...

This problem is an adaptation of the example presented at the end of Chapter 2 for Custom Furniture Company. The only difference is that this problem uses activity-based costing to allocate overhead...

Which types of companies use a process costing system to account for product costs? Provide at least three examples of products that would require the use of a process costing system.

Jones Corp. reported current assets of $197,000 and current liabilities of $139,000 on its most recent balance sheet. The current assets consisted of $60,800 Cash; $41,800 Accounts Receivable; and...

During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.)

Outstanding cheques Hank error: The bank credited our account for a deposit made by another bank customer Server charge Deposits in transit NSI cheque Rank collection of a receivable on our behair...