Construction Documents Review

11. Explain Addendum, Addenda, and Change Order in construction projects.

12. Name and explain three items (required at minimum) in a Change Order.

13. What is the Door Schedule, Window Schedule & Room Finishes?

McEwan Industries sells on terms of 3/10, net 40. Total sales for the year are $1,048,500; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 82 days after their purchases. Assume 365 days in year for your calculations.

a)What is the days sales outstanding?

b)What is the average amount of receivables?

c)What is the percentage cost of trade credit to customers who take the discount?

d)What is the percentage cost of trade credit to customers who do not take the discount and pay in 82 days?(Both nominal and effective cost)

e)What would happen to McEwan’s average accounts receivable if it toughened up on its collection policy with the result that all nondiscount customers paid on the 40th day?

Quality Cost Report

Evans Company had total sales of $3,000,000 for fiscal 2015. The costs of quality-related activities are given below.

Required:

1. Quality Cost Report

   Evans Company had total sales of $4,800,000 for fiscal 20x5. The costs of quality-related activities are given below.

   Returns/allowances	$240,000
   Design changes	360,000
   Prototype inspection	14,400
   Downtime	312,000
   Quality circles	9,600
   Packaging inspection	14,400
   Field testing	14,400
   Complaint adjustment	264,000

   Required:

   1. Prepare a quality cost report, classifying costs by category and expressing each category as a percentage of sales. Round percentages to one decimal place, when rounding is required. For example, 5.78% would be entered as "5.8".

   Evans Company
   Quality Cost Report
   For the Year Ended 20x5
   	Quality Costs	Total	Percentage of Sales
   Prevention costs:
   	$
   		$	%
   Appraisal costs:
   	$
   Internal failure costs:
   	$
   External failure costs:
   	$
   Total quality costs		$	%

Quality Cost Report

Evans Company had total sales of $2,200,000 for fiscal 20x5. The costs of quality-related activities are given below.

Returns/allowances $154,000
Design changes 99,000
Prototype inspection 6,600
Downtime 88,000
Quality circles 8,800
Packaging inspection 4,400
Field testing 4,400
Complaint adjustment 110,000

Required:

1. Prepare a quality cost report, classifying costs by category and expressing each category as a percentage of sales. Round percentages to one decimal place, when rounding is required. For example, 5.78% would be entered as "5.8".

Evans Company
Quality Cost Report
For the Year Ended 20x5
Quality Costs Total Percentage of Sales
Prevention costs:
$
$ %
Appraisal costs:
$

Internal failure costs:
$

External failure costs:
$

Total quality costs

Last month, you lent a work colleague $5000 to cover some overdue bills. He agreed to pay you in 1 month with interest at 2% for the month, thus owing you $5100. Today, when the repayment is due, he asked you to extend the loan for another month and he would pay you the $5100 next month. In the meantime, you have had the offer to invest as much as you wish in an oil-well venture that is expected to pay 22% per year and a hot new IT stock that is estimated to return 48% the first year. If you let your colleague have another month, what is the opportunity cost of your decision? (Note: Express your answer in dollar and percentage amounts.)

The opportunity cost is $  .

The opportunity cost in percentage is  %.

Provide valuable thought about controlling health hazards in construction industry such as controlling the spread of viruses and diseases like Coronavirus disease in construction industry and answer following related points:
1- What are management's roles, actions and strategy that should be?

2- What kind of new, modern or advanced trainings that should be introduced for controlling this hazard?

3- What is the effect of these epidemics on the insurances of construction companies?

4- How can construction companies play control role on these diseases in order to reduce the premium required to be given to insurance companies? and How can insurance companies cooperate in this regard?

5- How can Accident Causation Models help and be implemented for controlling Coronavirus disease hazard and other diseases hazards?

6- Mention some good references that can be referred to for more related information.

The Jameson family have three young children, ages 8, 6 & 2. They live in a home in an urban area adjacent to a local construction company. The construction company owns multiple construction vehicles, including several back hoes. The property is gated and fenced and there are "NO TRESPASSING" signs posted throughout the property. One day, the Jameson's 8 year old daughter managed to climb through a hole in the company's fence to play on the property. While there, she climbed up onto a back hoe and cut herself severely on a loose bolt. As a result of the cut, the Jameson's daughter required 28 stitches and will need surgery to repair tendon damage. Is the construction company liable for the injuries though the child was clearly on the property without permission. Explain your answer thoroughly.

Hawkins Corporation began construction of a motel on March 31, 2018. The project was completed on April 30, 2019. No new loans were required to fund construction. Hawkins does have the following two interest-bearing liabilities that were outstanding throughout the construction period:

$5,300,000, 6% note
$12,820,000, 10% bonds

Construction expenditures incurred were as follows:

The company’s fiscal year-end is December 31.

Required:
Calculate the amount of interest capitalized for 2018 and 2019. (Round weighted average interest rate to 2 decimal places and final answers to the nearest whole dollar.)

Thank you in advance!

#1

You are overseeing the plans for construction of a new highway. Someone proposes using cheaper, substandard materials to control/treat water flowing off the construction site. The water on the construction site contains measureable concentrations of sediments, oils from vehicles, heavy metals, and components of asphalt. A recreational lake is nearby and downgradient from the construction site. This is a substantial slope (10% grade) across the site.

a) LIST the three pillars of sustainability and EXPLAIN how this issue connects to each pillar.

b) Assuming you are a licensed engineer, what is your ethical obligation to the public AND other licensed engineers working on this job? [Your response should cover ethical obligations to both parties.]

c) LIST and DESCRIBE at least two ways to control fluvial (water) erosion on this site.

Will like right away!!