Can you provide an example of a time when you had to deal with unforeseen circumstances that impacted your initial cost estimate during a construction project?
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Sample interview questions: Can you provide an example of a time when you had to deal with unforeseen circumstances that impacted your initial cost estimate during a construction project?
Sample answer:
Dealing with Unforeseen Circumstances During Construction Project:
- Building Site Discovery:
- Encountered unexpected underground utilities during excavation, requiring costly rerouting.
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Advised project team to plan for additional budget and revised timeline to mitigate delays.
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Design Changes Mid-Construction:
- Design alterations initiated by the client resulted in significant modifications.
- Conducted thorough analysis to quantify the impact on cost, resources, and schedule.
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Worked closely with subcontractors to establish new cost estimates and minimize disruptions.
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Material Price Fluctuations:
- Experienced sudden price increases due to global market changes.
- Collaborated with suppliers and explored alternative options to optimize material costs.
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Implemented cost-saving strategies, such as value engineering, to minimize the financial impact.
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Source: https://hireabo.com/job/6_3_10/Construction%20Estimator