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Directions: Be sure to make a copy of your answer before submitting itto Ashworth College for grading. Unless otherwise stated, answer incomplete sentences, and be sure to use correct English spelling andgrammar. Your response should be a minimum of one (1) single spaced pageto a maximum of two (2) pages in length.(see uploaded files 2 pages)
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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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