ASSIGNMENT 08 B06 Cost Estimating Directions: Be sure to make a copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English spelling and grammar. Your response should be a minimum of one (1) single spaced page to a maximum of two (2) pages in length. To increase your knowledge of the building cost estimating field, reflect on the work you have done in this course and in particular, on Chapter 19—Profit. There is little available information published on how to calculate profit for a project or what a reasonable profit is, so there will be no single right answer to this writing assignment. Your response will be based upon your experiences. Describe in a written essay how you would calculate the profit to be added to a project. If you have a project in mind, use that as an example, but if not, make up one. You do not have to prepare an estimate for this exercise, but you must consider many of the different types of work we have learned about, and each will likely have labor, materials, equipment, and subcontractor costs. 1. Provide a brief description of the project you have selected. 2. Describe three (3) considerations you would make in calculating the profit for this project. 3. Describe the process that you would use to calculate the profit. Provide two (2) supporting facts that justify your method. 4. Describe three (3) reasons why your method is fair and reasonable. Grading Rubric Please refer to the rubric on the next page for the grading criteria for this assignment. CATEGORY Project Description (20 Points) Exemplary 20 points Student provides a clear, logical description of the chosen project. Satisfactory 15 points Student provides a mostly clear, logical description of the chosen project. Considerations (20 Points) 20 points Student provides a clear, logical description of at least 3 considerations they would make in calculating the profit for this project. 20 points Student provides a clear, logical description of the process that they would use to calculate the profit, along with at least 2 clear, logical supporting facts. 15 points Student provides a mostly clear, logical description of 2-3 considerations they would make in calculating the profit for this project. 15 points Student provides a mostly clear, logical description of the process that they would use to calculate the profit, along with 1-2 clear, logical supporting facts. 15 points Student provides a mostly clear, logical description of 2-3 reasons why their method is fair and reasonable. 8 points Student makes 1-2 errors in grammar or spelling that distract the reader from the content. 8 points The paper is written in proper format with only 1-2 errors. All sources used for quotes and facts are credible, and most are cited correctly. Adequate organization includes a variety of appropriate transitions. Process (20 Points) Fair and Reasonable Method (20 Points) 20 points Student provides a clear, logical description of at least 3 reasons why their method is fair and reasonable. Mechanics (10 Points) 10 points Student does not make any errors in grammar or spelling, especially those that distract the reader from the content. Format – APA Format, 10 points Citations, Organization, The paper is written in proper Transitions (10 Points) APA and organizational format. All sources used for quotes and facts are credible and cited correctly. Excellent organization, including a variety of thoughtful transitions. Unsatisfactory 10 points Student provides a weak or unclear description of the chosen project. Unacceptable 5 points Student provides a poor description of the chosen project, or fails to provide a description. 10 points 5 points Student provides a weak or Student provides a poor unclear description of 1-2 description or no considerations they would considerations they would make in calculating the profit make in calculating the profit for this project. for this project. 10 points 5 points Student provides a weak or Student provides a poor unclear description of the description of the process that process that they would use to they would use to calculate the calculate the profit, along with profit, along with 0-1 poor 1-2 weak or unclear supporting supporting facts, or fails to facts. provide a description. 10 points 5 points Student provides a weak or unclear description of 1-2 Student provides a poor or no reasons why their method is fair description why their method is and reasonable. fair and reasonable. 5 points 2 points Student makes 3-4 errors in Student makes more than 4 grammar or spelling that errors in grammar or spelling distract the reader from the that distract the reader from content. the content. 5 points 2 points The paper is written in proper The paper is not written in format with only 3-5 errors. proper format. Many sources Most sources used for quotes used for quotes and facts are and facts are credible and cited less than credible (suspect) correctly. Essay is poorly and/or are not cited correctly. organized, but may include a Essay is disorganized and does few effective transitions. not include effective transitions.
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