Podcast
Questions and Answers
According to the Ley de Contratos de las Administraciones Públicas, how is the 'presupuesto de ejecución material' defined?
According to the Ley de Contratos de las Administraciones Públicas, how is the 'presupuesto de ejecución material' defined?
- The initial budget presented by the contractor for approval.
- The total cost of the project including IVA and other taxes.
- The sum of the products of the number of each work unit by its unit price and lump-sum items. (correct)
- The cost of labor and materials, plus a fixed percentage for unforeseen expenses.
What does the 'presupuesto base de licitación' include, in addition to the 'presupuesto de ejecución material'?
What does the 'presupuesto base de licitación' include, in addition to the 'presupuesto de ejecución material'?
- Only the IVA (Impuesto sobre el Valor Añadido).
- General structural costs that affect the contract and the IVA.
- General structural costs affecting the contract, industrial profit of the contractor, and the IVA. (correct)
- Just the industrial profit of the contractor stated as 6%.
What range is applied to each ministerial department in concept of general company expenses, financial expenses, and taxes?
What range is applied to each ministerial department in concept of general company expenses, financial expenses, and taxes?
- From 5% to 10%.
- A fixed 10%.
- From 13% to 17%. (correct)
- From 20% to 25%.
Identify direct costs associated with a unit of work.
Identify direct costs associated with a unit of work.
Which of the following corresponds to indirect costs in construction projects?
Which of the following corresponds to indirect costs in construction projects?
What is the formula to calculate the 'Precio de Ejecución por Contrata (Pec)'?
What is the formula to calculate the 'Precio de Ejecución por Contrata (Pec)'?
A project has direct costs of $100,000 and indirect costs of $10,000. What percentage do the indirect costs represent relative to the direct costs?
A project has direct costs of $100,000 and indirect costs of $10,000. What percentage do the indirect costs represent relative to the direct costs?
In the formula for calculating the indirect cost ($C_i$): $C_i = (K_i / 100) * C_d$, what does $C_d$ represent?
In the formula for calculating the indirect cost ($C_i$): $C_i = (K_i / 100) * C_d$, what does $C_d$ represent?
$K_i^l$ is limited to a maximum of 5%. What does $K_i^l$ refer to?
$K_i^l$ is limited to a maximum of 5%. What does $K_i^l$ refer to?
What type of costs are 'Amortización oficina y almacén (Office and warehouse amortization)' and 'Facturas electricidad (Electricity bills)'?
What type of costs are 'Amortización oficina y almacén (Office and warehouse amortization)' and 'Facturas electricidad (Electricity bills)'?
How the total cost of a job will be affected if high-quality materials are used during the execution of a project?
How the total cost of a job will be affected if high-quality materials are used during the execution of a project?
Consider a construction project where unforeseen circumstances have significantly increased indirect costs. How might this impact the project's financial health, assuming the contract does not adequately account for such increases?
Consider a construction project where unforeseen circumstances have significantly increased indirect costs. How might this impact the project's financial health, assuming the contract does not adequately account for such increases?
A project manager notices that the cost of machinery use is exceeding the budgeted amount. What is the most likely implication of this overrun on the project's financial statements?
A project manager notices that the cost of machinery use is exceeding the budgeted amount. What is the most likely implication of this overrun on the project's financial statements?
Excavation project comprises different types of task categories, each using specific mechanical devices. Which of the task best describes the use of multiple mechanical devices in that situation?
Excavation project comprises different types of task categories, each using specific mechanical devices. Which of the task best describes the use of multiple mechanical devices in that situation?
A construction company is evaluating two projects. Project A has higher 'gastos generales de estructura que inciden sobre el contrato' but lower 'beneficio industrial del contratista', while Project B has the opposite. How should the IVA be applied in each project?
A construction company is evaluating two projects. Project A has higher 'gastos generales de estructura que inciden sobre el contrato' but lower 'beneficio industrial del contratista', while Project B has the opposite. How should the IVA be applied in each project?
Flashcards
Presupuesto de ejecución material
Presupuesto de ejecución material
The estimated cost of the labor, materials, and equipment required to complete a construction project.
Presupuesto base de licitación
Presupuesto base de licitación
The total overall estimated project cost, including all direct, indirect costs, and profit. Also known as the budget.
Costes directos
Costes directos
Costs that can be directly attributed to a specific unit of work, such as labor, materials, and machinery.
Costes indirectos
Costes indirectos
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Presupuesto de ejecución material definition
Presupuesto de ejecución material definition
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Study Notes
- The presentation covers the organizational chart of a project in Civil Engineering at the School of Industrial and Civil Engineering, dated January 2015, by José Fuente Castilla.
Presentation Content Overview:
- Valuation of works for project purposes.
- Material execution prices of work units.
- Cost of labor.
- Cost of materials.
- Cost of machinery use.
- Calculation of the material execution price of a work unit.
- Calculation of the percentage of indirect costs.
Valuation of Works for Project Purposes
- Bidding Base Budget: Includes Material Execution Budget, Contract Execution Budget, and IVA or IGIC (Indirect General Canary Tax)
Material Execution Budget:
- Involves obtaining the total cost of the work at material execution price.
Contract Execution Budget (Pec):
- Represents the total cost of the work to be executed by the constructor.
- Work Units: Measured by pricing.
Law of Public Administrations Contracts, Article 131 states:
- The Material Execution Budget is the sum of the products of the number of each work unit by its unit price.
- The Bidding Base Budget is obtained by increasing the material execution budget.
- Applied percentages on the material execution budget include general structure costs between 13% to 17%, industrial profit for the contractor at 6%.
- The Value Added Tax (IVA) on the work's execution type is applied to the sum of the material execution budget and general structure costs.
Material Execution Prices: Direct vs. Indirect Costs
- Direct Costs: Costs attributed to a unit of work.
- Include labor, materials, and machinery.
- Indirect Costs: Costs that can't be attributed to a specific unit of work.
- Include installations, non-directly productive personnel, and unforeseen costs.
Example of Indirect Costs:
- Costs for an I.T. Public Works, foreman, I.T. Topography, administrative assistant, security guard, topography assistant, office and warehouse amortization, computer amortization, telephone bills, electricity bills, water supply bills, car amortization, and fuel.
- These costs are provided with monthly costs and totals.
Material Execution Price of a Work Unit (P)
- 𝑃 = 𝐶𝑑 + 𝐶𝑖, with 𝐶𝑖 = 𝐾𝑖 / 100 ∗ 𝐶𝑑, indicating that 𝑃 = (1 + 𝐾𝑖 / 100 ) ∗ 𝐶𝑑.
- Indirect cost total is (𝐾𝑖 / 100) x direct cost total.
- 𝐾𝑖 = (𝐶.𝐼. 𝑇𝑜𝑡𝑎𝑙 / 𝐶. 𝐷. 𝑇𝑜𝑡𝑎𝑙) ∗ 100 = (𝐶𝑜𝑠𝑡𝑒𝑠 𝑑𝑒 𝐼𝑛𝑠𝑡. 𝑦 𝑃𝑒𝑟𝑠. / 𝐶. 𝐷. 𝑇𝑜t𝑎𝑙) ∗ 100 + (𝐶𝑜𝑠𝑡𝑒𝑠 𝐼𝑚𝑝𝑟𝑒𝑣𝑖𝑠𝑡𝑜𝑠 / 𝐶. 𝐷. 𝑇𝑜t𝑎𝑙) ∗ 100 = 𝐾 ′ + 𝐾 ′′.
- Where K₁ = 1 for land works, K₁ = 2 for river works, and K₁ = 3 for maritime works.
- The limit for K₁ is capped at 5%.
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