Question

COST ESTIMATING BASICS _ are like change orders but they are issued before the bid date. Unknowns in an estimate are covered by the use of 3. Distinguish between job site overhead and home office overhead. Describe the difference between costing and pricing. You are an owner and desire to put a new line of painkiller pills into production. A young engineer on your staff is given the responsibility of developing an estimate for the indirect costs associated with this endeavor. What clements of indirect cost would you expect that engineer to take into account? Review the Construction Job Indirects Checklist. Are there times that an estimate might treat some of the items listed as direct costs? If so, in what situations may this occur? Can Order-Of-Magnitude, Budget and Definitive Estimates be combined when estimating the cost of a large project? What would the combination of these estimates do to the overall accuracy of the estimate Discuss when this situation might be appropriate of the construction job indirects found in Table 1.1, which can be considered "Time-Sensitive and which are considered "One-Time costs? How could job conditions or contract requirements affect each of these cost element when developing the estimate?

Answer 1

- ® overhead and Distinguish between job site home office overhead. Job overhead: The job overhead is nothing but the the costs the contractor to maintain the all the operations in the field. And they stórst not associates with any work item. And they are maintain the efficiently manage the work. And we can say job overhead costs items Example Rent on factory building, property taxes on production facilities (sleen

Home Home office overhead - ® In home office we can say the administrative office staff. Actuall in this costs incurred by the Contractor that are not associated with Particular project but need to support Contractors operations as awhole. And in the administratie Staff payroll the parecidoni, Vice precident & all other are drun the company are housed in the home office in this cost stems for Example are home office equipment & facilities and home office staff salaries, like- As ouer HomeworkLib policy i can answer one question.