12. A 2-person partnership owns and operates a General Construction Company primarily experienced in excavation/earthmoving...

90.2K

Verified Solution

Question

Finance

image
12. A 2-person partnership owns and operates a General Construction Company primarily experienced in excavation/earthmoving and concrete placement. Bid opportunities are forecasted to be scarce for the next 18-months due to the poor economic outlook. The partnership needs approximately 1,500,000-2,000,000 of annual revenue to maintain its current staff level while paying for its company overhead costs. The currently have approximately 3-4 months of backlogged work before they totally run out of work. The only anticipated bidding opportunities that are forecasted in the relatively near future are: A. Construction of a parking lot for a new shopping mall B. Construction of a mile long water main and pump station for a nearby municipality C. A Chain Hotel (Marriott, Hilton, Comfort Inn, etc.) with 110 rooms D. Sub-contract to a large General Contractor to construct the underground utilities and concrete foundation elements for a 500,000 square foot warehouse E. Construction of a 200-foot spanned bridge over a river valley. Questions: 1. Which projects would the partnership bid on and why? What are their significant risks and liabilities? 2. If the partnership bid on and won the Chain Hotel project, develop/draw/sketch, the first 2 tiers of the projects WBS as well as the 3rd tier of the foundation elements 3. Develop/draw/sketch a preliminary sequential work package diagram for the above Chain Hotel 12. A 2-person partnership owns and operates a General Construction Company primarily experienced in excavation/earthmoving and concrete placement. Bid opportunities are forecasted to be scarce for the next 18-months due to the poor economic outlook. The partnership needs approximately 1,500,000-2,000,000 of annual revenue to maintain its current staff level while paying for its company overhead costs. The currently have approximately 3-4 months of backlogged work before they totally run out of work. The only anticipated bidding opportunities that are forecasted in the relatively near future are: A. Construction of a parking lot for a new shopping mall B. Construction of a mile long water main and pump station for a nearby municipality C. A Chain Hotel (Marriott, Hilton, Comfort Inn, etc.) with 110 rooms D. Sub-contract to a large General Contractor to construct the underground utilities and concrete foundation elements for a 500,000 square foot warehouse E. Construction of a 200-foot spanned bridge over a river valley. Questions: 1. Which projects would the partnership bid on and why? What are their significant risks and liabilities? 2. If the partnership bid on and won the Chain Hotel project, develop/draw/sketch, the first 2 tiers of the projects WBS as well as the 3rd tier of the foundation elements 3. Develop/draw/sketch a preliminary sequential work package diagram for the above Chain Hotel

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students