Horizontal Formats

Question 1

List the 7 Horizontal Formats

Answer 1

Labor - Direct Labor
PM - Permanent Materials
EM - Expendable Materials 
S - Subcontractor
EOE - Equipment on Expense
RL - Rentals and Service Labor
Rental

Question 2

What is Direct Labour?

Answer 2

Considered to be the most riskest, highest votatile, and hardest to estimate

Question 3

What is PM?

Answer 3

Permanent Materials
- Materials that can be accurately determined during bid.

• not dependent on productivity
• low risk

Question 4

What is EM?

Answer 4

Expendable Materials
ex: Slab Footing - won’t be able to know the exact unit numbers until construction

• temporary unit prices, hard to estimate
• high Risk but lower than Labor

Question 5

What is Subcontractor?

Answer 5

S - high productivity from subcontractor POV

low productivity from an owner POV due to performance bond. (Low Risk)

Question 6

What is EOE?

Answer 6

Equipment on Expense

• Based on Equipment rentals
• Medium Risk

FOG (Fuel, Oil, Grease)
Tires
Small repairs to the machinary
3rd Party Overhaul

Question 7

What is RL?

Answer 7

Rentals and Service Labor

• less risky than Labor
• considered to be high

Question 8

What is Rentals?

Answer 8

Any type of rentals, writeoff or depreciation

Methods of supplying the equipment to the job such as:

• 3rd Party Rentals
• O&M
• In House Rentals where the owner has it owns equipment
• Joint Venture with another company