+1-415-670-9189
info@expertsmind.com
Item of discussion for construction project
Course:- Operation Management
Reference No.:- EM13808202




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Operation Management

PART I

Traditionally, the best option for contractors who don't have a large reserve of cash is renting or leasing. The contractor who rents construction equipment only has to calculate the rent he or she is going pay. The contractor is not saddled with equipment, which incurs a loss when left unused. In the construction industry, a general rule of thumb is that if you don't utilize a piece of equipment at least 60 to 70 percent of the time, you should consider renting. Assume you are completing a 20,000 sq. ft. construction project of a brick exterior, three stories in height, with standard interior construction; metal stud walls, steel joists, concrete flooring over metal deck. Provide at least two examples of construction equipment that you would rent and explain why. Next, consider your two examples. Under what conditions might you consider purchasing said equipment?

PART II

Cost, the overall construction budget, is an item of discussion for any construction project. In general, with every project the owner will ask, "what do you think it will cost?" An owner, prior to moving forward on a project, will request a ballpark estimate for the project. What estimate for a final dollar amount, would you provide for each of the following projects:

1.A 2,500 sq. ft., two-story, residential house

2.A 1,500 sq. ft., commercial tenant build-out that is currently a vanilla-shell structure

3.A 12,000 sq. ft., new, single-level commercial office complex

In your discussion response, give your estimate for each project, and then answer the following questions:

  • How was your ballpark estimate developed?
  • What disclaimers, if any, would you give to the project owner regarding the estimates for each project?
  • Is this a valid estimate to provide to the owner at this stage of the project?



Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Operation Management) Materials
Are Affirmative Action Plan Goals Evidence of Discrimination?. Xerox Corporation manufactures and markets copy machines and also provides facilities management services throug
Bell computers purchases integrated chips at 350 per chip. The holding cost is $34 per unit per year. The ordering cost is $118 per order; sales are steady at 395 per month. T
Briefly describe theoretical concepts and/or terms of management that were particularly meaningful. Students should also include how those concepts/terms apply to their curren
You are a project consultant for the ACME Company and are helping to develop an agile method using SCRUM. Prepare a proposal that suggests what training, documentation, execut
Sam was about to sell a $1 million life inĀ­surance policy to a prospective customer when he resigned from his position with Equity Life. Before resigning from the company, he
Identify and describe the problem in this case. What management, organization, and technology factors are responsible for the difficulties in building electronic medical recor
How was the ombudsman decreased conflicts at SIGMET? Would you feel comfortable using an ombudsman to resolve a conflict with a coworker? Why or why not? What could companies
A small service company is concerned about the amount of time it takes to complete a particular service. The manager has observed that this particular service is causing del