construction 7

Discussion

7

1.

Discuss why should the estimator review the plumbing portions of the project whether

it involves single or separate contract.

2.

How should project risk affect the profit on a job?

V A

Discuss why should the estimator review the plumbing portions of the project whether it involves

single or separate contract.

Estimator should review the plumbing portion of the project, because he would need to c

heck that the

work done by the plumbing contractor is according to the drawing or not and check which kind of

plumbing material was used in the plumbing and the number of items used in plumbing.

Respond

How should project risk affect the profit on a job?

During th

e estimation of the building, the estimator adds the amount of cost that required to overcome

the risk of the project, in which means if the project risk is high then the total estimated cost of the

project is also high.

If an estimator controls, the risk

of the project then they can make reasonable profit

on that

project

.

Respond

MR

1.

Why should the estimator review the plumbing portions of the project whether it involves single or

separate contracts?

The estimator should have general knowledge of plu

mbing so that they can determine whether the

subcontractor’s bid is reasonable. If bid is too low, the estimator should mention it to the subcontractor,

because if a reasonable profit cannot be made, job performance will probably suffer.

Respond

2.

How should proj

ect risk affect the profit on a job?

The contractor assesses the job

-

related risks, the profit should be proportional to the risk involved. If the

job is riskier, the higher the profit markup should be. There is no reason to take on high

-

risk projects for

low profit when the contractor can take low

-

risk projects with the same profit.

Respond

G G

Discussion 7

1. Discuss why should the estimator review the plumbing portions of the project whether

it involves single or separate contract.

2. How should project risk affect the profit on a job?

V A

Discuss why should the estimator review the plumbing portions of the project whether it involves

single or separate contract.

Estimator should review the plumbing portion of the project, because he would need to check that the

work done by the plumbing contractor is according to the drawing or not and check which kind of

plumbing material was used in the plumbing and the number of items used in plumbing.

Respond

How should project risk affect the profit on a job?

During the estimation of the building, the estimator adds the amount of cost that required to overcome

the risk of the project, in which means if the project risk is high then the total estimated cost of the

project is also high. If an estimator controls, the risk of the project then they can make reasonable profit

on that project.

Respond

MR

1. Why should the estimator review the plumbing portions of the project whether it involves single or

separate contracts?

The estimator should have general knowledge of plumbing so that they can determine whether the

subcontractor’s bid is reasonable. If bid is too low, the estimator should mention it to the subcontractor,

because if a reasonable profit cannot be made, job performance will probably suffer.

Respond

2. How should project risk affect the profit on a job?

The contractor assesses the job-related risks, the profit should be proportional to the risk involved. If the

job is riskier, the higher the profit markup should be. There is no reason to take on high-risk projects for

low profit when the contractor can take low-risk projects with the same profit.

Respond

G G