The main objectives of the estimating department in a construction company.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 2, Problem 1RQ

To determine

The main objectives of the estimating department in a construction company.

Expert Solution & Answer

Explanation of Solution

Introduction:

Developing an estimateincludes interactions with large number of people and dealing with a vast data. The estimating team will be able to produce efficient estimate by following well organized estimating procedures.

The main objectives of estimating department in a construction company are as follows.

To prepare construction cost estimates that allow the contractor to choose profitable work by competitive bidding process.
To check and verify the work which maximizes the accuracy of the estimate.
To generate the highest volume of the estimating work with the available resources to maximize the productivity.
To ensure that the project is most likelihood of success.
To provide a good atmosphere and a cooperative approach to the team within the estimating area that benefits the entire organization.

Conclusion:

Thus, the main objectives of the estimating department in a construction company are described above.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

What are the three degrees of accuracy that are acknowledged in capital cost estimation?

Determine the % of risk that has been transferred to sub-contractors given the following information: Materials = $150,000 Labor = $158,000 Equipment = $22,000 Bonded Sub-contracts = $400,000 Other Sub-contracts = 100,000 Overhead = 70,000 a. Risk cannot be transferred or mitigated 40% 50% 60% b. C. d.

Explain how an estimate is priced in two phases.

Answer 2

Question

Chapter 2, Problem 1RQ

To determine

The main objectives of the estimating department in a construction company.

Expert Solution & Answer

Explanation of Solution

Introduction:

Developing an estimateincludes interactions with large number of people and dealing with a vast data. The estimating team will be able to produce efficient estimate by following well organized estimating procedures.

The main objectives of estimating department in a construction company are as follows.

To prepare construction cost estimates that allow the contractor to choose profitable work by competitive bidding process.
To check and verify the work which maximizes the accuracy of the estimate.
To generate the highest volume of the estimating work with the available resources to maximize the productivity.
To ensure that the project is most likelihood of success.
To provide a good atmosphere and a cooperative approach to the team within the estimating area that benefits the entire organization.

Conclusion:

Thus, the main objectives of the estimating department in a construction company are described above.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 2, Problem 1RQ

To determine

The main objectives of the estimating department in a construction company.

Expert Solution & Answer

Explanation of Solution

Introduction:

Developing an estimateincludes interactions with large number of people and dealing with a vast data. The estimating team will be able to produce efficient estimate by following well organized estimating procedures.

The main objectives of estimating department in a construction company are as follows.

To prepare construction cost estimates that allow the contractor to choose profitable work by competitive bidding process.
To check and verify the work which maximizes the accuracy of the estimate.
To generate the highest volume of the estimating work with the available resources to maximize the productivity.
To ensure that the project is most likelihood of success.
To provide a good atmosphere and a cooperative approach to the team within the estimating area that benefits the entire organization.

Conclusion:

Thus, the main objectives of the estimating department in a construction company are described above.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 2, Problem 1RQ

To determine

The main objectives of the estimating department in a construction company.

Expert Solution & Answer

Explanation of Solution

Introduction:

Developing an estimateincludes interactions with large number of people and dealing with a vast data. The estimating team will be able to produce efficient estimate by following well organized estimating procedures.

The main objectives of estimating department in a construction company are as follows.

To prepare construction cost estimates that allow the contractor to choose profitable work by competitive bidding process.
To check and verify the work which maximizes the accuracy of the estimate.
To generate the highest volume of the estimating work with the available resources to maximize the productivity.
To ensure that the project is most likelihood of success.
To provide a good atmosphere and a cooperative approach to the team within the estimating area that benefits the entire organization.

Conclusion:

Thus, the main objectives of the estimating department in a construction company are described above.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 2, Problem 1RQ

To determine

The main objectives of the estimating department in a construction company.

Expert Solution & Answer

Explanation of Solution

Introduction:

Developing an estimateincludes interactions with large number of people and dealing with a vast data. The estimating team will be able to produce efficient estimate by following well organized estimating procedures.

The main objectives of estimating department in a construction company are as follows.

To prepare construction cost estimates that allow the contractor to choose profitable work by competitive bidding process.
To check and verify the work which maximizes the accuracy of the estimate.
To generate the highest volume of the estimating work with the available resources to maximize the productivity.
To ensure that the project is most likelihood of success.
To provide a good atmosphere and a cooperative approach to the team within the estimating area that benefits the entire organization.

Conclusion:

Thus, the main objectives of the estimating department in a construction company are described above.

Answer 6

Chapter 2, Problem 1RQ

To determine

The main objectives of the estimating department in a construction company.

Expert Solution & Answer

Explanation of Solution

Introduction:

Developing an estimateincludes interactions with large number of people and dealing with a vast data. The estimating team will be able to produce efficient estimate by following well organized estimating procedures.

The main objectives of estimating department in a construction company are as follows.

To prepare construction cost estimates that allow the contractor to choose profitable work by competitive bidding process.
To check and verify the work which maximizes the accuracy of the estimate.
To generate the highest volume of the estimating work with the available resources to maximize the productivity.
To ensure that the project is most likelihood of success.
To provide a good atmosphere and a cooperative approach to the team within the estimating area that benefits the entire organization.

Conclusion:

Thus, the main objectives of the estimating department in a construction company are described above.

Answer 7

Chapter 2, Problem 1RQ

To determine

The main objectives of the estimating department in a construction company.

Answer 8

Expert Solution & Answer

Explanation of Solution

Introduction:

Developing an estimateincludes interactions with large number of people and dealing with a vast data. The estimating team will be able to produce efficient estimate by following well organized estimating procedures.

The main objectives of estimating department in a construction company are as follows.

To prepare construction cost estimates that allow the contractor to choose profitable work by competitive bidding process.
To check and verify the work which maximizes the accuracy of the estimate.
To generate the highest volume of the estimating work with the available resources to maximize the productivity.
To ensure that the project is most likelihood of success.
To provide a good atmosphere and a cooperative approach to the team within the estimating area that benefits the entire organization.

Conclusion:

Thus, the main objectives of the estimating department in a construction company are described above.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 2 - Prob. 1RQ Ch. 2 - Prob. 2RQ Ch. 2 - Prob. 3RQ Ch. 2 - Prob. 4RQ Ch. 2 - Prob. 5RQ Ch. 2 - Prob. 6RQ Ch. 2 - Prob. 7RQ Ch. 2 - Prob. 8RQ Ch. 2 - Prob. 9RQ Ch. 2 - Prob. 10RQ

The main objectives of the estimating department in a construction company.

Concept explainers

The main objectives of the estimating department in a construction company.

Explanation of Solution

Want to see more full solutions like this?

Chapter 2 Solutions