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Problem 5 (16 points): Jack and Jill Smith have just retired and want to build a small cabin. For
their weekends They have hired Susan Smith as the general contractor for the project, who has
three workers to complete the project: Tom, Dick and Harry. Susan has negotiated a cost-plus
contract with the Smiths whereby she will receive 15 percent profit beyond the cost of labor and
materials. Daryl has estimated that the cost for materials, permits, etc., will total $50,000. This is
one of several projects Daryl is managing, and other than occasionally helping out, her role is
strictly limited to supervising. She has devised the hereunder master plan and assignments. Dick
is the only skilled plumber in the group while Harry is the only skilled electrician. Tom is a
general carpenter and can assist them with their work. Dick and Harry each get paid $300 a day
while Tom gets paid $200 per day. All workers are scheduled to work 5 days/week throughout
the project. 1) Draw a GANTT chart, also showing the people assigned (MS Project or manual)
2) Calculate the project direct cost estimate, including materials and direct labor. Show your cost
calculations. 3) What is the price estimate of the project to the Smith's? Show your calculation.

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Problem 5 (16 points) Jack and Jill Smith have just retired and want.pdf

  • 1. Problem 5 (16 points): Jack and Jill Smith have just retired and want to build a small cabin. For their weekends They have hired Susan Smith as the general contractor for the project, who has three workers to complete the project: Tom, Dick and Harry. Susan has negotiated a cost-plus contract with the Smiths whereby she will receive 15 percent profit beyond the cost of labor and materials. Daryl has estimated that the cost for materials, permits, etc., will total $50,000. This is one of several projects Daryl is managing, and other than occasionally helping out, her role is strictly limited to supervising. She has devised the hereunder master plan and assignments. Dick is the only skilled plumber in the group while Harry is the only skilled electrician. Tom is a general carpenter and can assist them with their work. Dick and Harry each get paid $300 a day while Tom gets paid $200 per day. All workers are scheduled to work 5 days/week throughout the project. 1) Draw a GANTT chart, also showing the people assigned (MS Project or manual) 2) Calculate the project direct cost estimate, including materials and direct labor. Show your cost calculations. 3) What is the price estimate of the project to the Smith's? Show your calculation.