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BSCI 4610 Question and answers already passed 2024

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BSCI 4610 Question and answers already passed 2024 BSCI 4610- Quiz 3 What is a Cost Loaded Schedule (CLS)? each applicable activity in the schedule has a dollar amount; and the sum of these activities should be equal to the total contract value Direct Expense can be billed directly to th...

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  • September 4, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • bsci 4610
  • bsci 4610 question and answers already passed 2024

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BSCI 4610- Quiz 3
What is a Cost Loaded Schedule (CLS)?
each applicable activity in the schedule has a dollar amount; and the sum of
these activities should be equal to the total contract value




Direct Expense
can be billed directly to the owner as line items in a cost-loaded schedule
(CLS)




Indirect Expenses
billable to the project, but aren't in the CLS




How are indirect expenses billed?
through a multiplier




T/F: If there is a scheduled activity that represents a DIV 1/GC item it is NOT
directly billable and should be a part of the multiplier
False (it is directly billable and should NOT be a part of the multiplier)




What items, included in the mobilization activity, are paid early in the project
by the contractor?

, Bonds, Insurance, Financing, Permits and Fees




Indirect Multiplier
used to bill the owner for expenses that can't be directly billed through the
CLS




T/F: the indirect expenses are divided equally among ALL the schedule
activities through a multiplier
True




What does Activity Cost of Work x Multiplier equal?
Cost loaded schedule activity cost




What is a Pay Application?
the documents submitted on a monthly basis in order to notify Owner of the
project finances, percent complete/progress, and the costs associated with
those activities




What are the 2 ways to track costs on a project?
Schedule of Values or Cost-Loaded schedule

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