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Clark cven 349 Homework 4, Assignments of Engineering management

The Texas A & M University System OfficeEngineering management
Prof. Lance Clark

Homework 4 of project management.

Typology: Assignments

2022/2023

Uploaded on 10/17/2023

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Trevor Shook
2/27/2023
CVEN 349
Homework 4
1. Proposal Form- proposed by the engineer or architect, establishes the intent and price.
Seen as a notice to proceed
2. General Conditions- provided by owner, Lists contracts, insurance, bonds, whose
responsibilities are whose changes in work, time, and price, tests/ inspection, payments
and resolutions.
3. Special Conditions- provided by the owner, Unique conditions specific to the individual
project that wouldnt make it into general conditions.
4. Tech Specs-provided by the engineer, A legally precise picture of the projects technical
requirements
5. Plans and Drawings- provided by the engineer or architect, The drawings of what needs
to be constructed and what the final project will look like.
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Trevor Shook 2/27/ CVEN 349 Homework 4

  1. Proposal Form- proposed by the engineer or architect, establishes the intent and price. Seen as a notice to proceed
  2. General Conditions- provided by owner, Lists contracts, insurance, bonds, whose responsibilities are whose changes in work, time, and price, tests/ inspection, payments and resolutions.
  3. Special Conditions- provided by the owner, Unique conditions specific to the individual project that wouldnt make it into general conditions.
  4. Tech Specs-provided by the engineer, A legally precise picture of the projects technical requirements
  5. Plans and Drawings- provided by the engineer or architect, The drawings of what needs to be constructed and what the final project will look like.

a. Design 1: AW = 173.66 Design 2: AW = 191. b. Design 1 has the lower cost c. If consumption goes up, revenue from the project will go up. If consumption goes down the project may suffer losses. d. IRR or NPV could also be used to calculate the potential values of the two projects

a. 1. B/C analysis - A systematic and quantitative method for assessing the desirability of projects. Very common to see in public works projects where the goal of the project isnt necessarily for profit but must take into account the long term effects and side effects of thr project.

  1. Individualized rate of return - This evaluation centers on the rate of return that causes the present value to reach 0, IRR is how an investor would look at a project
  2. Net Present Value- NPV is evaluating by a discounted cash flow moving money on a table one point at a time using the equation. NPV would be used in a balance sheet and measures the investment for pricing issues. b. A discounted cash flow is a valuation method that estimates the future value of an investment using expected future cash flows. This can apply when selling a bond early. a. $195,525,805. b. 0 X (listed under time) c. $191,395,295.32, by WILLIAMS BROTHERS CONSTRUCTION CO., INC., -2.11% under the estimate d. The contractor may have viewed this bid as an easy job and wanted to be sure his bid got chosen for the job. The contractor is also located very close to the site e. $230,462,130.37, The Item costs more because Johnson bros corporation is located more than 4 hours away leading to more mobilization costs and other expenses caused by the distance. f. Bids can be affected by many factors such as contractor experience, resources, pricing advantages, timing, and location.

When a change is made in a project it must be approved by the owner. The four main changes are Time Extensions - granted for reasons out of the contractor's control that he could not anticipate. Change Orders - An alteration to the design document, this ultimately becomes a mini contract with negotiated fee and schedule. Change Conditions - Contract based on conditions not fully understood by the designer, contractor claims more time or money Design Error/ Omission - The Designers drawings or specs are wrong. Texas A&M was organized by state legislature in 1871 under the provisions of the Morrill Land-Grant College act of 1862, The first students enrolled in 1876. Texas A&M was the first higher education institution in Texas and was meant to help the state of Texas grow in statewide education.