Use the hint below to estimate all job overhead and assumed home office overhead costs for that project. Your company is interested in bidding for a commercial building project (you can choose any loc

CE 4 382: Construction Cost Analysis and Bidding C O U R S E : C O N S T R U C T I O N C O S T A N A L Y S I S A N D B I D D I N G L E V E L : U N D E R G R A D U A T E A S S I G N M E N T # 2 T O T A L P O I N T S : 1 0 0 LEARNING OBJECTIVES: After successfully completing this assignment, students will be able to: • Differentiate between various construction processes and methods for cost estimation • Understand direct and indirect cost associated with a construction project • Understand various components of a good cost estimate Note: Your work should be professionally presented and all the steps for calculations must be included. Remember that this assignment will be a part of the final term project so please give proper attention to the details. CE 4 382: Construction Cost Analysis and Bidding Problem Statement Your company is interested in bidding for a commercial building project (you can choose any location). Use the hint below to estimate all job overhead and assumed home office overhead costs for that project. Please note that DRAWINGS ARE PROVIDED FOR YOUR REFERENCE ONLY and you will not need to use all of them for this assignment. The site plan will provide an overview of the project that is helpful to plan for some of the temporary facilities. The duration of the project is 2 years. You can make assumptions on the annual revenue of your company. Hint s 1. You should follow the examples in chapter 6 (Overheads and Contingencies) to make assumptions and calculate these overheads (For home office overhead follow figure 6.1, example 6 -1 and for job overheads follow details on pages 1 68 - 70 ). 2. Please go through the estimating checklist under week 2 folder for various indirect costs . Grading Your work will be graded based on the completeness and accuracy of the following components: o Cover sheet including your name and ID (-5) o Assumptions made to complete your work for example what’s the annual revenue of your company office rent etc. in order to calculate home office cost allocation (-15) o Calculations needed to get all the quantities and cost numbers ( -50) 1 The page number can be different if you have different edition of the textbook. Please contact the TA in this case. CE 4 382: Construction Cost Analysis and Bidding o Project estimate summary excel sheet attached as an Excel s heet . You will only fill out only the portion for the overhead cost in that excel sheet (-20) o References including your cost resources (-10) Quote of the Day: “The secret of getting ahead is getting started. The secret of getting started is breaking your complex overwhelming tasks into small manageable tasks, and then starting on the first one.” Mark Twain 24 fei04054_inserts.1.qxd 11/16/07 2:42 PM Page 24 25 fei04054_inserts.1.qxd 11/16/07 2:43 PM Page 25 26 fei04054_inserts.1.qxd 11/16/07 2:43 PM Page 26 27 fei04054_inserts.1.qxd 11/16/07 2:43 PM Page 27 28 fei04054_inserts.1.qxd 11/16/07 2:43 PM Page 28 29 fei04054_inserts.1.qxd 11/16/07 2:43 PM Page 29 30 fei04054_inserts.1.qxd 11/16/07 2:43 PM Page 30 31 fei04054_inserts.1.qxd 11/16/07 2:43 PM Page 31 33 fei04054_inserts.1.qxd 11/16/07 2:43 PM Page 33 34 fei04054_inserts.1.qxd 11/16/07 2:43 PM Page 34 35 fei04054_inserts.1.qxd 11/16/07 2:43 PM Page 35