Download Direct Costs, Indirect Costs - Civil Engineering Construction - Past Exam and more Exams Civil Engineering in PDF only on Docsity! Page 1 of 3 CORK INSTITUTE OF TECHNOLOGY INSTITIÚID TEICNEOLAÍOCHTA CHORCAÍ Semester 2 Examinations 2008/09 Module Title: Civil Engineering Construction Management Module Code: CIVL7002 School: School of Building and Civil Engineering Programme Title: Bachelor of Engineering in Civil Engineering Programme Code: CCIVL_7_Y3 External Examiner(s): Mr. J. Lapthorne and Mr. J. Kindregan Internal Examiner(s): Mr. D. Cadogan Instructions: Answer four (4) out of five (5) questions All questions carry equal marks Duration: 2 hours Sitting: Summer 2009 Requirements for this examination: Graph paper Note to Candidates: Please check the Programme Title and the Module Title to ensure that you have received the correct examination paper. If in doubt, please contact an Invigilator. Page 2 of 3 1. (a) Provide an opinion as to why construction projects would be viewed by finance providers as higher risk ventures. Outline some of the sources of long-term and short-term finance available to a construction firm. (4 marks) (b) The process of least cost scheduling is used to rearrange or “crash” a project. It may be possible that financial bonuses for early completion of the project are available, or that the project is behind schedule, which may give rise to the situation where the contractor may become liable for liquidated damages. Explain fully how the project may be crashed, and give brief details of the direct costs and indirect costs associated with each activity. (8 marks) (c) Describe the advantages and disadvantages in the use of domestic and nominated sub- contractors on a construction project. (3 marks) (d) In your own opinion, outline fully the factors that affect labour, plant and material costs when formulating rates for a project. (4 marks) (e) Explain in detail the interim valuation system on a project. (6 marks) 2. (a) Outline the documentation referenced when evaluating a fire certification application, along with the five basic requirements examined by fire officers when deciding on the outcome of a submission. (8 marks) (b) There are a number of standard means of minimising the risk of fire, as well as easing the evacuation procedure, in a typical commercial building - discuss. (4 marks) (c) Describe the basic planning permission process used by a planning authority when coming to a decision in relation to an individual application. (7 marks) (d) “Cashflow projection is of critical importance to a construction company” – explain the basis of this statement, and outline why the construction industry may receive a relatively high risk rating from lenders. (6 marks) 3. (a) Outline the various stages involved in a feasibility study for a project, and outline the results to be expected from its usage. (6 marks) (b) Describe the factors which affect resources costs when formulating rates using the unit rate estimating method. (4 marks) (c) Explain fully the following terms, in relation to a construction contract: • prime cost sums • provisional sums • retention • liquidated damages • variations • dayworks (9 marks) (d) Describe the concept of the major tort of negligence, giving the factors necessary for a successful prosecution of such a case in a civil court. (6 marks)
