b)You received a bid from a qualified reinforcement-steel installation subcontractorfor a portion of the work which you
Question:
b)You received a bid from a qualified reinforcement-steel installation subcontractorfor a portion of the work which you normally self-perform. It is $100,000 less than you have estimated. List three reasons why you should hire this subcontractor. List three reasons why you should not hire this subcontractor.d) Even though a turnkey project, the project owner has requested that you solicit a bid from and employ his favorite painter. Should you include this subcontractor on the bid list? If the subcontractor is the second-low bidder by S25,000 and the owner agrees to pay the difference,should you select this painter,an disthisethical?If you proceed and the painter does not perform,what do you do? -e) You have a bid from a floor-covering subcontractor who is a broker. He will buy the material and hire a separate subcontractor for installation. His price of $400,000 is competitive.Is.thistoyour advantage? Why or why not? What is your firm's position to this arrangement? How do you keep the prime subcontractor from stepping back and allowing you to manage his third-tier subcontractors and suppliers?(h) You have an opportunity to break apart a $1.5 million mechanical bid package that is normally purchased as a single package. The prime HYAC subcontractor has offered you this opportunity to save his mark-up of $50,000 on managing these multi-layered subcontractors. This includes the fire protection, controls, mechanical insulation, plumbing, and pipe labeling subcontractors. Do you accept the offer? Why or why not?
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill