Construction management essay for Dr. George Mountis

Question 1. (Your answer to be 350 words maximum). Total marks 50%.

(a) What factors affect the accuracy of a project estimate? How these should be taken into consideration by the project manager, at the different stages of the project life cycle? (25%)

(b) What do you understand by the following terms?
-Head Office Overheads
-Site Overheads
-Time Related Costs
-Preliminaries
-Direct Building Costs (25%)

Question 2. (Your answer to be 350 words maximum). Total marks 50%.

(a) What is an interim payment, explain the functions of it, and explain why this should be as accurate as possible. (20%)

(b) What is a final account, what it includes and what is its importance for the parties to the contract? If the parties dont agree on the final account how can they resolve their dispute? (30%)

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Question 1. (Your answer to be 350 words maximum). Total marks 50%.

(a) What factors affect the accuracy of a project estimate? How these should be taken into consideration by the project manager, at the different stages of the project life cycle? (25%)

(b) What do you understand by the following terms?
-Head Office Overheads
-Site Overheads
-Time Related Costs
-Preliminaries
-Direct Building Costs (25%)

Question 2. (Your answer to be 350 words maximum). Total marks 50%.

(a) What is an interim payment, explain the functions of it, and explain why this should be as accurate as possible. (20%)

(b) What is a final account, what it includes and what is its importance for the parties to the contract? If the parties dont agree on the final account how can they resolve their dispute? (30%)