QUESTION $1(4\mathrm{.}00$ points$)$

You are the president of Silver Fiddle Construction, which specializes in building high quality, customized homes in the Grand Junction, Colorado area. You have just been hired by the Cropeks to build their dream hame. You operate as a general contractor and empioy only a part time bookkeper. You subcontract work to local trade professionals. Housing construction in Grend 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 USS $450,000$ to USS $500,000$ and that it will take five months to complete the house once groundbreaking has begun. The Cropeks are willing to have the project delayed in arder to save costs.

You have just finished a preliminary scope statement for the project. You are now brainstorming patential risks associated with the project.

Project objective

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

Deliverables

A $2500$ square feet, $2$ Y bath, $3$ bedroom, finished home.

A finished garage, insulated and sheetrocked.

Kitchen appliances include range, oven, microwave, and dishwasher.

High$-$efficiency gas furnace with programmable thermostat

Miletrinnes.