This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain the difference between unit price and lump sum contracts? What will be an ideal ... (Read 48 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
on: Jul 26, 2018
Explain the difference between unit price and lump sum contracts?
 
  What will be an ideal response?

Question 2

Why is it important to have accurate baselines before a project starts and what establishes the baselines?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ricroger

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jul 26, 2018
Answer to Question 1

Unit price contracts provide an estimated cost for each designated unit that includes the labor, materials, equipment, overhead, and profit for each particular unit of work. Lump sum contracts provide one estimated price to build a construction project but they could also include unit prices for each major work item.

Answer to Question 2

Baselines are established by the construction estimate that is developed by contractors. It is important to have accurate baselines because the progress of a project and progress payments are measured against the original baseline estimates and schedules.


bio_gurl

  • Member
  • Posts: 524
Reply 2 on: Jul 26, 2018
Gracias!

miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Using the voltmeter leads from a starting and charging test unit to measure the voltage drop ... Using the voltmeter leads from a starting and charging test unit to measure the voltage drop ...
The fuel tank pressure sensor (black unit with three wires) looks like a MAP sensor and is usually ... The fuel tank pressure sensor (black unit with three wires) looks like a MAP sensor and is usually ...
Schematic depiction of the action of tryptophan synthase in one functional unit Schematic depiction of the action of tryptophan synthase in one functional unit
Sensitivity study for facial difference Sensitivity study for facial difference
Please fully explain the answer with steps Please fully explain the answer with steps
Sheridan Motors is a car dealership that would like to investigate if there is a difference in ... Sheridan Motors is a car dealership that would like to investigate if there is a difference in ...
Video: DNA fingerprinting Animation

For a complete list of videos, visit our video library