Manager Costing Interview Questions and Answers

I have managed various real estate projects including commercial buildings, residential complexes, and mixed-use developments.

• Managed a 100,000 square foot commercial office building renovation project in downtown area

• Oversaw the construction of a 200-unit residential complex with amenities such as pool and fitness center

• Led the development of a mixed-use project consisting of retail spaces and luxury apartments totaling 150,000 square feet

Measurement systems include traditional, metric, and imperial units.

• Traditional measurement system is based on customary units used in the US

• Metric system is based on the International System of Units (SI)

• Imperial system is used in the UK and includes units like pounds and inches

Rubber and plastic components breakup includes material cost, labor cost, overhead cost, and other expenses.

• Material cost for rubber components includes raw rubber, additives, and curing agents.

• Material cost for plastic components includes plastic resin, additives, and colorants.

• Labor cost includes wages for workers involved in manufacturing rubber and plastic components.

• Overhead cost includes utilities, rent, and maintenance of machinery.

• Other expenses may include transporta...read more

FIDIC contract is a standard form of contract used in the construction industry.

• FIDIC stands for International Federation of Consulting Engineers.

• It provides a framework for the rights and obligations of parties involved in construction projects.

• Commonly used in international construction projects.

• Includes different types of contracts such as Red Book, Yellow Book, and Silver Book.

I handle approximately 20 suppliers in my current role.

• I manage a diverse range of suppliers to ensure competitive pricing and quality products/services.

• I regularly communicate with suppliers to negotiate contracts and resolve any issues that may arise.

• Examples: ABC Company for raw materials, XYZ Company for packaging supplies, and DEF Company for logistics services.

Variation refers to the degree of difference or deviation from a standard or expected value.

• Variation can be caused by factors such as changes in materials, labor costs, or market conditions.

• It is important for cost managers to analyze variation in order to understand the reasons behind cost fluctuations.

• Examples of variation include price changes for raw materials, unexpected delays in project timelines, and fluctuations in exchange rates.

Rate analysis for concrete

• Rate analysis involves calculating the cost of materials, labor, and equipment required for a specific quantity of concrete.

• Factors such as type of concrete, location, and project size can affect the rate analysis.

• Examples of materials that may be included in the rate analysis are cement, sand, aggregates, and water.

• Labor costs may include wages for workers involved in mixing, pouring, and finishing the concrete.

• Equipment costs may include rental fee...read more

RFQ preparation process involves gathering requirements, creating a detailed document, and sending it to potential suppliers.

• Understand the requirements and scope of the project

• Create a detailed RFQ document outlining specifications, quantities, delivery timelines, etc.

• Send the RFQ to potential suppliers and wait for their responses

• Evaluate the responses based on criteria like cost, quality, and delivery capabilities

• Negotiate with suppliers to finalize terms and pricing