An estimators job is not only to find the cost of

Assignment Help Operation Management
Reference no: EM13387817

Within a construction company there are estimators who review construction drawings and specifications manuals. Upon this review, they will determine the price or cost to construct the building. There are many skills that an estimator must have to complete the work accurately. An estimator's job is not only to determine the cost of construction but also to include a level of profit. What skill sets are required to be an estimator? As part of an estimate, define the following terms:

• Retainage

• Allowances

• Depreciation

• Unit prices

Provide an example of each term.

Reference no: EM13387817

Questions Cloud

Discuss four 4 advantages and four 4 disadvantages accruing : discuss four 4 advantages and four 4 disadvantages accruing to a company that is traded in the public securities
The bureau of labor statistics announced that in april 2010 : the bureau of labor statistics announced that in april 2010 of all adult americans 139455000 were employed 15260000
Find the deadweight loss created by the monopoly hint : a monopolist faces a demand curve given byp 105 - 3q where p is the price of the good and q is the quantity demanded.
Lockhart corporation is a calendar-year corporation at the : lockhart corporation is a calendar-year corporation. at the beginning of 2013 its election to be taxed as an s
An estimators job is not only to find the cost of : within a construction company there are estimators who review construction drawings and specifications manuals. upon
The required return on investment in this machine for david : david wants to buy a machine for his firm. he expects to incur the maintenance cost of 500 at the end of the 1st year
Why did you select to accept or decline the offer from the : a construction project has completed the bidding process. your construction firm is the apparent low bidder. the owner
Explain the business environment in city or town that you : describe the business environment in the city or town that you live in. you should explain what the current economic
Why marginal analysis is used when making business : write a 1050- to 1400 word paper that discusses basic concepts in applied economics in the context of the simulation.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd