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The assignment is to complete a Project Time and Cost Exercises.
Resource: Project Management, Ch. 5 I will attach
Complete Exercises 1-3 in Ch. 5 of Project Management.
Submit your answers in a Microsoft® Word APA formatted document.
Exercises
Hourly rate: $40/hr
Hours needed: 80
Overhead rate: 40%
The following average cost information is available from a local bank that makes loans to local contractors and disperses progress payments to contractors when specific tasks are verified as complete.
24% |
Excavation and framing complete |
8% |
Roof and fireplace complete |
3% |
Wiring roughed in |
6% |
Plumbing roughed in |
5% |
Siding on |
17% |
Windows, insulation, walks, plaster, and garage complete |
9% |
Furnace installed |
4% |
Plumbing fixtures installed |
10% |
Exterior paint, light fixtures installed, finish hardware installed |
6% |
Carpet and trim installed |
4% |
Interior decorating |
4% |
Floors laid and finished |
What weaknesses are inherent in this estimating approach?
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