Case $7\mathrm{.}2-$ Silver Fiddle Construction

You are the president of Silver Fiddle Construction $($SFC$),$ which specializes in building high$-$quality, customized homes in the Grand Junction, Colorado, area. You have just been hired by the Czopeks to build their dream home. You operate as a general contractor and employ only a part$-$time bookkeeper. You subcontract work to local trade professionals. Housing construction in Grand Junction is booming. You are tentatively scheduled to complete $11$ houses this year. You have promised the Czopeks that the final costs will range from $$450,000$ to $$500,000$ and that it will take five months to complete the house once groundbreaking has begun. The Czopeks are willing to have the project delayed in order to save costs.

You have just finished a preliminary scope statement for the project $($which follows$).$ You are now brainstorming potential risks associated with the project.

$1.$ Identify potential risks associated with this project. Try to come up with at least five different risks.

$2.$ Using the risk assessment template analyze identified risks.

$3.$ Develop a risk response to outline how you would deal with each of the risks.

PROJECT OBJECTIVE

To construct a high$-$quality, custom home within five months at a cost not to exceed $$500,000.$

DELIVERABLES

$$ A $2,500-$square$-$foot, $2(1)/(2)-$bath, $3-$bedroom, finished home.

$$ A finished garage insulated and sheet rocked.

$$ page $243$ Kitchen appliances to include range, oven, microwave, and dishwasher.

$$ A high$-$efficiency gas furnace with programmable thermostat.

MILESTONES

$$ Permits approved July $5.$

$$ Foundation poured July $12.$

$$Dry in$$framing$,$ sheathing, plumbing, electrical, and mechanical inspections passed Sep. $25.$

$$ Final inspection November $7.$

TECHNICAL REQUIREMENTS

$$ Home must meet local building codes.

$$ All windows and doors must pass NFRC class $40$ energy ratings.

$$ Exterior wall insulation must meet an $$R$$ factor of $21.$

$$ Ceiling insulation must meet an $$R$$ factor of $38.$

$$ Floor insulation must meet an $$R$$ factor of $25.$

$$Garage will accommodate two cars and one $28-$foot$-$long Winnebago.

$$ Structure must pass seismic stability codes.

LIMITS AND EXCLUSIONS

$$ Home will be built to the specifications and design of the original blueprints provided by the customer.

$$ Owner is responsible for landscaping.

$$ Refrigerator is not included among kitchen appliances.

$$ Air conditioning is not included, but house is prewired for it$.$

$$ SFC reserves the right to contract out services.

ACCEPTANCE CRITERIA

$$Bolo$$ and Izabella Czopek reviews.