Reference no: EM132480200

LEARNING OBJECTIVES:
After successfully completing this assignment, students will be able to:

Discussion 1: Differentiate between various construction processes

Discussion 2: Differentiate between various methods for cost estimation

Question 1. Estimate the preliminary cost of constructing a single family one-story, 2,000-ft2 averagequality home (you can choose any location). The home is constructed with wood siding on a wood frame and includes a two-car detached garage, 300-ft2 porch, two and one-half baths, one fireplace (internal chimney with two flues), cedar shakes, air- conditioning utilizing the heating ductwork, and a full, unfinished basement. You can use Means Cost Data online, library copy or the cost data sheet attached. Please refer all the cost resources you have used for your work (Include a list of assumptions (if any) you have made to calculate the cost).

Question 2. Search online for a copy of sample contract agreement document and answer the following questions (you have to attach the copy of sample contract with your work):

a. What type of agreement (lump-sum, unit-price, or cost plus-fee) is used for the project? If it is a cost- plus-fee agreement, how is the fee determined, and is there a guaranteed maximum price?

b. What provisions are included in the contract documents regarding the time of completion? What penalties are there for failing to meet the completion date? Is there a bonus for completing the project ahead of schedule?

c. How are progress payments handled? When are they due? How quickly will they be paid?

d. Will retention be withheld? What are the requirements for the release of retention?

e. How is final acceptance handled? What inspections are required? What forms, documents, maintenance and operation manuals, certifications, red-line drawings, and so on need to be submitted before final acceptance?

f. What bonds and insurances are needed for the job?

Attachment:- estimate cost.zip