Corlis Construction Company Builds Houses

question 130

Essay

Corlis Construction Company builds houses. Each job requires a bid. Corlis' bidding policy is to estimate the costs of materials, direct labor, and subcontractor's costs. These are totaled and a markup is applied to cover overhead and profit. In the coming year, Corlis believes it will be the successful bidder on ten jobs with the following total revenues and costs:
The residual will cover overhead and profits.
Required:
a. What is the markup percentage on total direct costs?
b. Suppose Corlis is asked to bid on a job with estimated direct costs of $57,500. What is the bid? If the customer complains that the profit seems pretty high, how might Corlis counter that?

Understand the characteristics of one-minute praising and reprimands according to Ken Blanchard and Spencer Johnson.

Comprehend the core elements of effective performance management and leadership.

Understand the sources of variance in performance ratings.

Know the appropriate responses to various combinations of work performance and attitudes.

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Definitions:

Self-fulfilling Behaviors

Actions based on beliefs or predictions that directly or indirectly cause themselves to become true.

DSM-5

The 5th edition of the Diagnostic and Statistical Manual of Mental Disorders, a comprehensive classification of officially recognized psychiatric disorders, published by the American Psychiatric Association.

Pathologizing

Is the process of viewing or treating behaviors, thoughts, or emotions as indicative of a psychological disorder or illness.

Nonsuicidal Self-injury

Deliberate, self-inflicted harm of one's body tissue without the intention of suicide, often as a way to cope with emotional distress.