Risk Management in Construction Business Proposal

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Construction Project Proposal for a New Custom-Designed Hillside Home and PatioIntroductionA construction project proposal for a new custom-designed hillside home and patio that should take 12 months to complete is presented. The overview of the project includes a description of the work to be completed, the location of the project, the timeline for completion, and the staffing requirements. The costs associated with the project are also described, including the costs of materials, labor, and permits. The cost are estimated and the need for flexibility in pricing given due to labor and supply chain constraints for the foreseeable future. Finally, the risks associated with the project are described, including the risks of budget overruns and delays.Executive SummaryThis custom-designed home will be built on a hillside and will include a patio with retaining wall. The total cost of the project is estimated to be $1 million and will take 12 months to complete. The proposal includes a detailed budget and timeline for the project. The architect for the project is John Doe and the construction company is ABC Corporation. The project manager is Jane Smith. The construction crew will consist of 12 workers who will work Monday through Friday from 8am to 5pm. The materials that will be used in the construction of the home are all environmentally-friendly and sustainably sourced. The home will be heated with a geothermal heating system and will have solar panels installed on the roof. The windows in the home will be double-paned to help with energy efficiency. Upon completion, the home will be 3,000 square feet and will have four bedrooms, three bathrooms, a living room, a family room, a kitchen, and a dining room. There will also be a two-car garage and a paved driveway. The exterior of the home will be brick and stone with a shingled roof. The landscaping around the home will include native plants that are drought-tolerant. Water, gas, and electricity are already available at the plot, ready to be tapped into.Project Goals and ObjectivesThe three goals of this project are as follows: (1) the first goal of the construction project is to ensure that the foundation is properly laid and that the home is structurally sound; (2) the second goal is to complete the exterior of the home, including installing the solar panels and finishing the landscaping; and (3) the final goal is to complete the interior of the home, paying particular attention to creating a comfortable and inviting living space.

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With these three goals in mind, the construction team will work diligently to complete the project on time and on budget.The project objectives are as follows:To begin, an excavation team will need to clear the hillside lot for the new home’s foundations. During this time, the electrician will run underground cables for the solar panel grid and install conduits for the geothermal heating system.Next, the masons will lay the concrete foundation walls and install footings for supports.Then, the framing crew will construct the wood frame of the…

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…for a construction project of this size include excavating equipment, heavy machinery, and trucks. The total cost of the project will vary depending on the specific materials and labor requirements, and pricing flexibility is needed to give an appropriate estimate due to labor and supply chain constraints for the foreseeable future (Blocher et al., 2019).The overall costs are estimated to be $1 million. However, by carefully planning and budgeting for all of the necessary resources, it is possible to complete the construction of a new custom-designed hillside home within the desired timeline and budget, and an itemized estimate can be given upon request that will include all lumber, plumbing, electric, geothermal and solar materials for the home, as well as all pavers and materials for the patio and retaining wall, plus labor.RisksOne of the most common risks is the weather. If the project is delayed due to bad weather, this can lead to increased costs as well as delays in the completion date. Another risk is the availability of materials. If the materials needed for the project are not readily available, this can also lead to increased costs and delays. In addition, there is always the possibility that the project will encounter unexpected problems that will need to be addressed, which can also lead to increased costs and delays (Kasapo?lu, 2018). Overall, there are a number of risks that can impact the budget and timelines for a construction project. However, by being aware of these risks, project managers can take….....

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