Est. Budget: $75.00
For this assessment, you will answer some basic questions to verify understanding of a series of cost estimate and then perform a value engineering exercise in relation to an existing cost estimate.
The resources can be viewed on this link:
1. Review each of the estimates provided with the link above. Because they represent different project types in different stages of project completion from multiple sources, they should give you a broad understanding of how estimates are similar or different given these different parameters.
2. Answer the following questions:
A. Review the Cost Estimate for the New Residence & Sound Studio. This new residence is new construction taking place within an existing multistory loft space. Assuming the contractor’s total overhead and profit is equal to the General Conditions plus their Profit, what percentage of the total Construction Cost (without the premium for unique construction location) does this overhead and profit represent? For the same estimate, there is a green wall included. Locate it; how many square feet is it?
B. Review the Concept Design Estimate for the Public Park. Note the Add
Alternates (sometimes referred to as “alternates”) in the latter half of the estimate. These ...