Question: Why should change orders have extensive backup attached to them?

Why should change orders have extensive backup attached to them?

Step by Step Solution

★★★★★

3.61 Rating (147 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Change orders in construction projects involve modifications to the original scope of work usually resulting in additional costs time or changes in pr... View full answer

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!

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

What operational changes would you recommend to Wally to improve performance? Wally Meyer deftly balanced his office keys and a large printout of forecasting data as he wheeled his mountain bike...

[22] The following is a section of a system flowchart for a payroll application: Symbol X could represent A. Erroneous time cards. B. An error report. C. Batched time cards. D. Unclaimed payroll...

Two major themes from the introduction to module 4 are "Project Management" and "Managing Risk." Discuss, in depth, your analysis of the company's actions in relation to the concepts of these two...

*I do not intend to submit a tutor's work as my own* Boston Shipyard Corporation ("BSC") appeals from the decision of the district court, which affirmed the bankruptcy court's grant of summary...

Consider the situation faced in the 1990s by Carolina Distributors, a Fortune 500 distributor of medical and surgical supplies. Sales had more than tripled in five years (325%) to nearly $3 billion....

QUESTION 1 Match the control checklist question on the left for each of the four basic activities in the revenue cycle (sales order entry, shipping, billing, and cash collections) to the potential...

10. From the Application and Certificate for Payment AIA Document G702 & G703 Application# 21 Dated 04/01/15 Answer the following questions: a) Original Contract Sum....... b) Net Change by Change...

I need help with writing a legal brief for (ICG Link, Inc v Steen, 363 S.W.3d 533 (Tenn. App. 2011). IN THE COURT OF APPEALS OF TENNESSEE AT NASHVILLE July 12, 2011 Session ICG LINK, INC. v. PHILIP...

The Armageddon Corp. is in big trouble. Sales are down and profits are off. On top of that, the firms credit rating has been reduced, so its facing very high interest rates on anything it borrows in...

Repeat Exercise 2 using the Trapezoidal Algorithm with TOL = 10 5 . In Exercise 2 a. y' = 5y + 6e t , 0 t 1, y(0) = 2, with h = 0.1; actual solution y(t) = e 5t + e t . b. y' = 10y+10t+1, 0 t 1,...

The shelf life of a product is a random variable that is related to consumer acceptance. It turns out that the shelf life Y in days of a certain type of bakery product has a density function f(y) = 1...

LO.1, 2, 3 Beth receives a car from Sam as a gift. Sam paid $35,000 for the car. He had used it for business purposes and had deducted $16,000 for depreciation up to the time he gave the car to Beth....

Assume Orth and Associates, discussed in Problem 44, uses activity-based costing. Required: a. Using the data presented at the beginning of Problem 44, calculate the predetermined overhead rate for...

Meteor Company has two production departments (Finishing and Painting) and three service departments (Maintenance, Computer Support, and Personnel). Service department costs are allocated to...

The following activities and costs are for Collins Company. 1. Direct materials used by workers to assemble products 2. Factory building rent 3. Machines set up to produce groups of products 4. New...

What is treasury stock? a. Why do corporations purchase their own shares? b. Is treasury stock an asset? c. How should it be reported in the balance sheet?

An investor purchasing a British consol is entitled to receive annual payments from the British government forever. What is the price of a consol that pays $160 annually if the next payment occurs...

4 What is the Rate (i.e. a - e) for each time period? a 4.00% b 4.04% C 4.06% d 4.07% e 4.08% Compounded. Quarterly Monthly Annual Daily Semi Annually