17 Apr Construction Cost Management
Using the information provided in Week 11, Resources, and Lecture 11-Part 5 (Square foot and Assembly Estimation video. See chart on slide within the first 4 minutes), using the chart, and square feet costs shown by building type, perform a square foot estimate to find the cost of a 150,000 S.F. college dormitory. (10%) (show calculation)
If the cost you estimated in question 1 is for a college dormitory at Clemson University in 2016, what would be the cost of a similar building at Auburn University in 2016? (15%) (show calculation)
What is the difference between “construction cost estimating” and “construction cost control”? Be specific (from lecture). (10%)
Identify whether each of the following items should be categorized as direct costs or indirect costs in a construction project. (10%)
• Labor expenses for on-site carpenters
• Rental fees for construction equipment like a small loader
• Architectural design fees
• Office rent and utilities
• Concrete and rebar used in the building’s foundation
• Workers’ compensation insurance
• Safety equipment for on-site workers
• Administrative salaries for project managers
• Temporary protection of flooring
• Material invoice of roofing membrane
Part II: Construction Time Management (55%)
1. Identify which definition is for “planning” and which is for “scheduling”. (10%)
—— is the detailed process of creating a timeline or calendar that specifies when and in what order specific tasks or activities should be completed to meet the project’s objectives. It’s the day-to-day roadmap for executing the plan.
—— involves setting project goals, defining the scope, and deciding what needs to be done and when. It’s about determining the big picture and organizing resources.
2. What is a Work Breakdown Structure (WBS)? AND Why is it needed? (Two-part question). (10%)
3. Arrange the following steps required for planning a construction project in the correct order, and provide a brief description for each step. (From lecture, not general answer) (15%)
Identify the sequential relationships between the activities
Identify the activities (tasks) needed to complete the project
Breakdown the project into elements or items of work
Continue refining the plan to improve efficiency
4. How do we shorten or accelerate the duration of a construction project, when needed? Be specific. (From lecture)(10%)
5. LIST and briefly describe the DATA that needs to be collected to keep a construction schedule updated. (From lecture) (10%)
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