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

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

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

Project objective

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

Deliverables

A $2500$ square feet, $\frac{21}{2}$ 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

Milestones

Permits approved July $5$

Foundation poured July $12$

"Dry in$"-$framing, sheathing, plumbing, electrical and mechanical inspections

Final inspection November $7$