Chapter 4 – Construction Contracts 1. Name and briefly describe each of the two basic types of competitively bid construction contracts. Which type would be most likely used for building the piers to support a large suspension bridge. Why? Two basic types of competitively bid construction contracts are lump-sum and the unit-price contract. The lump-sum contract is when the contractor agrees to complete all work for a pre-determined price including profit and the contract. The unit-price contract
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Turner Construction Company: Indicated Outcome Report System Turner is one of the largest building services and construction contractor companies in the United States. It presents “a network of offices in North America and around the globe‚ with a staff of 5‚000 employees‚ and as a North America-based‚ Turner´s operation was divided into territories where each one is headed by a territory general manager (TGM)‚ who are able to offer clients accessibility and support.” Turner being such a large
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Construction Methods and Building Materials Introduction Building design Plans and models 1 Arnold 1991: 7-10 Construction Methods and Building Materials A scene from the Hypostyle Hall showing the “stretching of the cord” ceremony for Karnak. Proportions The Akhmenu festival hall. 2 3 4 5 6 7 Sullivan 2008‚ Construction methods. Digital Karnak. 2 Arnold 1991: 7-10‚ 251 Robins 1997: 107-109‚ 141-142 Arnold 1991: 252-253; Clarke and Engelbach 1990: 64-65 Golvin
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Trevabina Construction Company Background Trevabina was incorporated in 2000 as a wholly-owned subsidiary of Treva Corporation Sdn Bhd (Treva Corp) to undertake general contracting and civil engineering works. Treva Corp‚ formed in 1998‚ was a property development company owned by Trevari Kamal. Trevabina commenced business in 2001 when it received a project worth $280‚000 to build a store for the Ministry of Defence. Between 2002 and 2004‚ the company took on increasingly larger jobs ranging
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Happyland Construction Maulik Patel Maulik.patel@westburne.ca Module – 2 Happyland Construction Inc. is an engineering firm involved in design and construction of oil shale plants. It is building a plant in Blissful Valley‚ which is part of Mirth County‚ in the Province of Giggle. Happyland is a world leader in designing shale oil plants and has about 100 employees working on site. Happyland has been advised that a new crane has to be used on the site – the GargantuLift 6000 by Mega Corporation
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Quality Management in Construction Firms Low Sui Pheng1 and Jasmine Ann Teo2 Abstract: As building projects get larger and more complex‚ clients are also increasingly demanding higher standards for their delivery. Total quality management TQM has been recognized as a successful management philosophy in the manufacturing and service industries. TQM can likewise be embraced in the construction industry to help raise quality and productivity. Two case studies of construction companies showed how TQM can
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materials better than those that commonly exist from previous methods of construction? Applying the Green Matter to Construction Introduction Why does that one unique house in your area seem to be different than each stereotypical residence design? It could be because of the green building concepts that were used for its construction‚ seen as there are essentially countless sustainable practices being applied to construction in the world today. The major sections of innovation in the building
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Causes of Construction Disputes 1) Poor Contract Documentation that arises from the organizational system. • Inadequate or incomplete design information like information like Sizes‚ type‚ Colour‚ Make‚ Company etc is not mentioned in documents. • Ambiguities in contract documents like how the extra item will be settled‚ extension of time‚ liquidated damages etc. scope of work. The written (or unwritten) contract is what guides the parties’ expectations as to payment and performance. The contract
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PORTFOLIO CONSTRUCTION USING SHARPE METHOD A PROJECT REPORT Table of Contents Executive Summary 3 Introduction 4 The traditional Approach 4 The Modern Approach 4 Need for Study 5 Objective 5 Limitations 5 Literature Review 6 Research Methodology 8 Analysis and Interpretation 10 Findings 13 Recommendations 13 Conclusions 13 Bibliography 14 Executive Summary An equity portfolio consists of two or more securities. Individual securities have risk and return characteristics
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In building construction and in fire prevention there are organizations that have created a useful system on how to determine what type of building falls under which category. The ICC (International Code Council) and the NFPA (National Fire Protection Association) create these building codes for the safety of firefighters. The two most commonly known standards for building classifications are the NFPA 5000 and also the International Building Code (IBC). The two are very similar‚ however‚ they different
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