Brandon Leung CAE 460 – KL February 2‚ 2015 Assignment #1 2.1: What are the three major types of construction bonds? Why are they required? Name three items that affect bonding capacity. Three major types of construction bonds are: Performance Bonds‚ Payment Bonds‚ and Securing Bonds. They are required because a bond allows one party (Obligee) to protect itself against default in a relationship with a second party (Principal). A third party (Surety) provides this protection. Three items that
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Faced in The Construction Industry It is quite obvious that the Construction industry is one of the most important industries in the world. Because of construction‚ we all live in homes‚ apartments‚ condominiums‚ and other living places that were created by construction. Most jobs are in buildings‚ which were also created by construction. Basically‚ the entire structural part of society was created by hard working construction workers. To give you a general idea of why the Construction industry is
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THE GLOBE CONSTRUCTION COMPANY The Globe Construction Company top management held a management workshop one weekend in April of 1989 for the purpose of discussing present policies and procedures with the ultimate objective of formalizing these in a new company operations manual. The company was established in the mid-50s by Mr. Eduardo Concepcion. The company grew at a very fast rate due to the construction boom in the government sector during the administration of ex-President Ferdinand E. Marcos
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CONSTRUCTION MANAGEMENT 4 MANAGE THE PLANNING OF WORK METHODS‚ RESOURCES & SYSTEMS TO MEET CONTRACT REQUIREMENTS MANAGE THE PLANNING OF WORK METHODS‚ RESOURCES & SYSTEMS TO MEET CONTRACT REQUIREMENTS Objective1 Manage the evaluation & selection of construction methods Objective 2 Manage the planning of work activities & resources to meet contract requirements Objective 3 Manage the selection & formation of contract team Objective 4 Manage the operations of organisation & communication system
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II. Statement of the Problem • State the problems facing the manager/key person The manager Joe of Project Scheduling at Blanque Cheque Construction (B) is facing late competition of his first project due to schedule slipping and unforeseen circumstances and it can be damaging to his career due to serious consequences and other penalties. • Identify and link the symptoms and root causes of the problems. Upon analyzing this case I identify the warning sign of schedule slipping. The manager
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codes and safety purpose. Building codes act an important role in construction and design phase. In the past‚ most building codes and standards have used prescriptive (or compliance) criteria. In recent years‚ there has been strong interest worldwide in developing codes and standards that are more performance based ( Foliente‚ 2000). The purpose of building codes are to increase safety in the design of the project and its construction. For example‚ according to the 2010 California Building Code‚ the
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Abstract We have to complete an assignment for our Construction Technology about green building. Our lecturer‚ IR Han had also held an visit programme to one of the green building that located at Putrajaya which is Diamond Building to help us in obtaining more information for this assignment. Our assignment had inserted these information that we obtained from the visit to Diamond Building and also some other green buildings around the world. In the introduction part we can see that green
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Bonds LaShundra Hines Indiana Wesleyan University Personal Finance BUS 150 Keith Smith July 22‚ 2009 Construction Management The function of a construction manager is to advise and consult a client or owner concerning the programming and design of a project. This would include cost estimation‚ coordination of the work schedule ‚ equipment and material deliveries. A concern in the managers advisement and consultation is trade jurisdiction of the various contractors and the activity
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Race as a Social Construct Omi and Winant’s discussion from “Racial Formations” are generally about race being a social construct and is also demonstrated in the viewing of Race - The power of an illusion. Omi and Winant have both agreed that race is socially constructed in society. Ultimately this means that race is seen differently in different societies and different cultures. Media‚ politics‚ school‚ economy and family helps alter society’s structure of race. In the viewing ‚ also media
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project xharter Project Name | Epic recording studio | Project Number | | Project Manager | Lionel Monsanto | Prioritization | | Owner(s) | Lionel monsanto‚ Janet Owens | Start Date: | 6/10/88 | Scheduled Completion Date: | 2/7/14 | Mission/ Purpose | What is your project going to accomplish? How does this project relate to overall goals and objectives of the company? It is part of a program or larger project? | My mission is to rent a building about 100 square feet with three
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