Interview Questions and Answers

If the site quantity differs from the drawing quantity, I will take the following steps to address the issue.

• I will review the drawings and specifications to ensure accuracy.

• I will communicate with the project team, including the architect and engineer, to clarify any discrepancies.

• I will conduct a site visit to physically verify the quantities and compare them with the drawings.

• If there are significant differences, I will document them and notify the relevant parties, such a...read more

Margin for OH & Profits in rate analysis is the additional amount added to cover overhead costs and generate profit.

• Margin for OH & Profits is added to the direct cost of a project to cover indirect costs and generate profit.

• It is usually expressed as a percentage of the direct cost.

• The margin for OH & Profits varies depending on the nature of the project and market conditions.

• For example, if the direct cost of a project is $100,000 and the margin for OH & Profits is 10%, the...read more

Reconciliation of steel involves comparing the actual quantity of steel used in a construction project with the estimated quantity.

• Reconciliation of steel is a process used in construction projects to ensure that the actual quantity of steel used matches the estimated quantity.

• It involves comparing the quantity of steel recorded in the project's documentation, such as drawings and specifications, with the quantity of steel actually installed on site.

• Any discrepancies between ...read more

Rolling margin is a financial term that refers to the difference between the revenue generated and the variable costs incurred over a specific period of time.

• Rolling margin is used to measure the profitability of a business or project.

• It helps in assessing the efficiency of operations and identifying areas for cost reduction.

• The formula for calculating rolling margin is: (Revenue - Variable Costs) / Revenue * 100.

• For example, if a company generates $100,000 in revenue and inc...read more

The wastage percentage for reinforcement steel varies depending on factors such as project complexity and workmanship.

• Wastage percentage for reinforcement steel is typically estimated between 2-5%.

• Factors such as project complexity, workmanship, and site conditions can affect the wastage percentage.

• Proper planning, accurate cutting, and careful handling can help minimize wastage.

• Examples of wastage include incorrect cutting, damage during transportation, and unused offcuts.

• Re...read more

Rate analysis is done by breaking down the cost of each item in a construction project to determine the overall cost.

• Rate analysis involves breaking down the cost of each item in a construction project.

• The cost of materials, labor, and equipment is analyzed to determine the overall cost.

• Quantities of each item are measured and multiplied by their respective rates to calculate the cost.

• Rate analysis helps in estimating the budget for a project and comparing different options.

• F...read more

The code for structural steel is typically governed by the American Institute of Steel Construction (AISC) while reinforced steel is governed by the American Concrete Institute (ACI).

• Structural steel is commonly used in the construction of buildings, bridges, and other structures.

• The AISC provides standards and guidelines for the design, fabrication, and erection of structural steel.

• Reinforced steel, also known as rebar, is used to strengthen concrete structures.

• The ACI provi...read more