Why should the general conditions be estimated in detail rather than using a percentage of the project
Question:
Why should the general conditions be estimated in detail rather than using a percentage of the project costs?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Estimating general conditions GC in detail offers several advantages over simply using a percentage of the project costs Here are some key reasons why 1 Accuracy and Transparency Detailed breakdown Es...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Construction Cost Estimating
ISBN: 9780367902681
1st Edition
Authors: John E. Schaufelberger, Len Holm
Question Posted:
Students also viewed these Business questions
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
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...
-
THIRD AVENUE SOFTWARE HEALTH-CARE APP PROJECT This case is new for the ninth edition of Information Technology Project Management . The case provides an opportunity to apply agile and Scrum...
-
A 30-year maturity bond making annual coupon payments with a coupon rate of 12% has duration of 11.54 years and convexity of 192.4. The bond currently sells at a yield to maturity of 8%. Use a...
-
It is possible to express the magnetic susceptibility ?m in several different units. For the discussion of this chapter, ?m was used to designate the volume susceptibility in SI units, that is, the...
-
Lets return to the chapters discussion of Jack and Jills water duopoly. Suppose that Jack and Jill are at the duopolys Nash equilibrium (80 gallons) when a third person, John, discovers a water...
-
This exercise is based on Section 5.1 of Wu and Hamada [2011]. An experiment to improve a heat treatment process on truck leaf springs was conducted. The heat treatment that forms the camber in leaf...
-
Discuss how rushing the systems requirements stage may delay or even result in the failure of a systems development process. Conversely, discuss how spending too long in this stage may result in...
-
Contribution Income Statement, Cost - Volume - Profit Graph, and Taxes Jail and Sail: Alcatraz Tour and Cruise provides sunset sightseeing tours of Alcatraz and the San Francisco Bay. Tickets cost $...
-
The most probable velocity ump is the velocity possessed by the greatest number of gas particles. At a certain temperature, the probability that a gas particle has the most probable velocity is equal...
-
What is an expected percentage range of GCs for a lump sum commercial project?
-
Compare the industrial projects general conditions estimate with its site logistics plan and summary estimate, all located on the books eResource. Do the three documents match? What changes would you...
-
Frazier Company issues an 8%, 5-year mortgage note on January 1, 2012, to obtain financing for new equipment. Land is used as collateral for the note. The terms provide for semiannual installment...
-
A \(30-\mathrm{kg}\) solid sphere of radius \(0.12 \mathrm{~m}\) is rolling without slipping on a horizontal surface at \(2.0 \mathrm{~m} / \mathrm{s}\). (a) What average torque is required to stop...
-
The Resort Hotel Association represents several member hotels in their dealings with the various unions that represent workers at the hotels. Every hotel hires professional musicians to play for...
-
A \(4.0-\mathrm{kg}\) bowling ball is thrown down the alley with a speed of \(10.0 \mathrm{~m} / \mathrm{s}\). At first the ball slides with no rotation. The coefficient of friction between ball and...
-
Identifying Good System Administrators. A management consultant is studying the roles played by experience and training in a system administrators ability to complete a set of tasks in a specified...
-
If the magnitude of the vector product of two vectors is the same as the magnitude of the scalar product of the same two vectors, what is the angle between them?
-
Investigate the Web site for Rational Software (www-306.ibm.com/software/rational/) and its repository of information about Unified Modeling Language (UML). Write a paragraph news brief on the...
-
What do you think?
-
How did information technology affect decision making at Team USA and the Oakland Athletics? What kinds of decisions changed as the result of using computers?
-
How much was technology responsible for Team USAs Americas Cup victory?
-
How much does baseball rely on sabermetrics? Explain your answer.
-
Why college are important?
-
The highest WACC is 11%, the baseline WACC is 7.4% and lowest WACCS is 2.8%. To derive a WACC that better accounts for extreme scenarios, you decide to assign the following probability weights: High-...
-
Give 2 examples of the ff: Statutory law Regulatory law Common law Include the title of each example and explain why you chose these examples ( 1 to 2 sentences ) . Note: Write your reference ( s )
Study smarter with the SolutionInn App