vault backup: 2025-07-03 17:48:00
This commit is contained in:
Vendored
+39
-29
@@ -170,44 +170,54 @@
|
||||
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|
||||
"left-ribbon": {
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||||
"hiddenItems": {
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||||
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"homepage:Open homepage": false,
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"switcher:Open quick switcher": false,
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"graph:Open graph view": false,
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"canvas:Create new canvas": false,
|
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"daily-notes:Open today's daily note": false,
|
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"templates:Insert template": false,
|
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"command-palette:Open command palette": false,
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"obsidian-git:Open Git source control": false,
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"homepage:Open homepage": false,
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"table-editor-obsidian:Advanced Tables Toolbar": false
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"lastOpenFiles": [
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"README.md",
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"2025-07-01.md",
|
||||
"risk-oriented-estimating.md",
|
||||
"risk.md",
|
||||
"construction-estimating-software.md",
|
||||
"gut-feel.md",
|
||||
"uncertainty.md",
|
||||
"traditional-estimating-methods.md",
|
||||
"this-notebook.md",
|
||||
"supertopics.md",
|
||||
"strategy.md",
|
||||
"software-based-estimating.md",
|
||||
"separation-of-concerns.md",
|
||||
"risk-registers.md",
|
||||
"expected-value-of-perfect-information.md",
|
||||
"estimating-ergonomics.md",
|
||||
"estimating-culture.md",
|
||||
"purpose-of-estimating.md",
|
||||
"estimating-philosophy.md",
|
||||
"project-management-tm.md",
|
||||
"possible-automation.md",
|
||||
"portable-tools.md",
|
||||
"open-problems.md",
|
||||
"me.md",
|
||||
"gold-plating.md",
|
||||
"estimating-misconceptions.md"
|
||||
"datasets/overrun-trends.tsv",
|
||||
"overrun-trends.tsv",
|
||||
"datasets",
|
||||
"New folder",
|
||||
"new-additions/takeoff/units.md",
|
||||
"new-additions/_converted/Takeoff.md",
|
||||
"new-additions/takeoff/lighting.md",
|
||||
"new-additions/takeoff/designations.md",
|
||||
"new-additions/takeoff/breakdowns.md",
|
||||
"new-additions/automation/feeder-verification.md",
|
||||
"new-additions/automation/award-analysis.md",
|
||||
"new-additions/the-failure-of-risk-management.md",
|
||||
"new-additions/_converted",
|
||||
"new-additions/takeoff",
|
||||
"new-additions/README.md",
|
||||
"new-additions/powershell-document-conversion-module.md",
|
||||
"new-additions/evpi-takeoff.md",
|
||||
"new-additions/new-hire.md",
|
||||
"new-additions/automation",
|
||||
"new-additions",
|
||||
"notebook/_converted/Takeoff.md",
|
||||
"notebook/takeoff/units.md",
|
||||
"notebook/takeoff/designations.md",
|
||||
"notebook/takeoff/breakdowns.md",
|
||||
"notebook/takeoff/lighting.md",
|
||||
"notebook/automation/feeder-verification.md",
|
||||
"notebook/automation/award-analysis.md",
|
||||
"notebook/the-failure-of-risk-management.md",
|
||||
"notebook/_converted",
|
||||
"notebook/README.md",
|
||||
"notebook/takeoff",
|
||||
"notebook/new-hire.md",
|
||||
"notebook/powershell-document-conversion-module.md",
|
||||
"notebook/evpi-takeoff.md",
|
||||
"notebook/automation",
|
||||
"README.md"
|
||||
]
|
||||
}
|
||||
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|
||||
# notebook
|
||||
|
||||
This is a temporary spot for my notes while I figure out my setup.
|
||||
|
||||
## TODO
|
||||
|
||||
1. move main vault "ZMVault" to Github
|
||||
2. branch and merge these notes with repo
|
||||
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|
||||
# Award Analysis
|
||||
|
||||
BPM > Reports > Awards
|
||||
The HUB > HUB Insights > WIGs, KPIs & milestones
|
||||
|
||||
Inception to Date (ITD)
|
||||
|
||||
$$
|
||||
"Overrun $" = "ITD Cost $" - "Baseline Cost $"
|
||||
|
||||
"Overrun %" = "Overrun $" / "Baseline Cost $"
|
||||
|
||||
"Overrun %" = "ITD Cost $" / "Baseline Cost $" - 1
|
||||
$$
|
||||
|
||||
> [!observation]
|
||||
> Curiously, we've decreased expected uncertainty significantly,
|
||||
> but are consistently overbidding by ~13%.
|
||||
|
||||
This observation is likely due to more recent projects still being in their infancy,
|
||||
where costs have not been totally realized.
|
||||
@@ -0,0 +1,13 @@
|
||||
# Feeder Verification Automation
|
||||
|
||||
> * Filter by Feeders system in Takeoff
|
||||
> * Highlight everything and copy into excel
|
||||
> * Erase the everything except the description, length, and count
|
||||
> * Make a note of any typicals
|
||||
> * Redo the same process but with USF, Primaries, and Secondaries
|
||||
> * Save as and rename to NAME - Feeder Verification in the PSN folder
|
||||
|
||||
Breakdown selection is straightforward.
|
||||
|
||||
Still need a solution to select all takeoffs.
|
||||
Get top left corner of pane, offset down and right.
|
||||
@@ -0,0 +1,30 @@
|
||||
# EVPI Takeoff
|
||||
|
||||
Expected value of perfect information (EVPI)
|
||||
|
||||
The perceived *value* of decreased uncertainty
|
||||
must be weighed against its *cost*.
|
||||
|
||||
Takeoff purchases certainty with estimator hours.
|
||||
Estimator hours have a not insubstantial real cost in salary and burden,
|
||||
however the opportunity cost may exceed this.
|
||||
|
||||
Count-based takeoff speed increases with count.
|
||||
|
||||
***
|
||||
|
||||
Optimizing the takeoff process means:
|
||||
|
||||
* *Minimizing* the need for information outside of drawings
|
||||
* *Maximizing* organizational consistency
|
||||
|
||||
***
|
||||
|
||||
Recent events have complicated my philosophy above.
|
||||
It appears that similar efforts have already been made here,
|
||||
their success being a matter of perspective.
|
||||
|
||||
## Naming Conventions (Use Case vs. Description)
|
||||
|
||||
Naming by use case is intuitive for those without estimating or field experience,
|
||||
but has the side effect that those acustomed to the names will inevitably treat them as descriptive.
|
||||
@@ -0,0 +1,48 @@
|
||||
# NEW HIRE - ESTIMATOR
|
||||
|
||||
| | |
|
||||
| --------------- | -------------------------------------------- |
|
||||
| **Department:** | Construction Estimating |
|
||||
| **Date:** | 06/09/2025 (Onboarding) – 06/16/2025 at desk |
|
||||
| **Employee:** | Zane Meyers |
|
||||
|
||||
## Expectations and Responsibilities
|
||||
|
||||
### WBS and Unit Matrix
|
||||
|
||||
* Develop the correct project setup in the WBS spreadsheet & Accubid
|
||||
based on building type, construction method and market.
|
||||
|
||||
* Create project WBS and Unit Matrix
|
||||
|
||||
### Means and Methods
|
||||
|
||||
* Determining means and methods from project documents
|
||||
|
||||
* Fill out project OneNote checklist for assigned scopes
|
||||
|
||||
### Accubid/LiveCount
|
||||
|
||||
* Estimate assigned projects using knowledge
|
||||
of PDI scopes, sort codes, NEC and regional requirements
|
||||
|
||||
* Proper Accubid take-off
|
||||
|
||||
### Note Taking
|
||||
|
||||
* Improve accuracy/quality of estimates.
|
||||
|
||||
* Taking notes during trainings,
|
||||
correcting mistakes in take-off,
|
||||
and documenting/referencing feedback for future projects
|
||||
|
||||
### Prioritize
|
||||
|
||||
* Maintain checkpoints with Sr. Estimator for priority items/projects
|
||||
|
||||
* Check Smartsheets
|
||||
|
||||
## Goals
|
||||
|
||||
- Complete a full-take-off within first 6 months of start
|
||||
- Complete Accubid tabs within first year of start
|
||||
@@ -0,0 +1,54 @@
|
||||
# PowerShell Document Conversion
|
||||
|
||||
PowerShell module to allow fluent conversion of "document" files,
|
||||
including markup source (.md, .adoc, .rst, etc.)
|
||||
and binary formats (.pdf, .docx, etc.),
|
||||
as well as allow ~~common high-level actions on them.~~
|
||||
|
||||
> [!note]
|
||||
> Cmdlets should be written to accept multiple input files where appropriate.
|
||||
|
||||
## `Convert-Document`
|
||||
|
||||
* pandoc
|
||||
* calibre `ebook-convert` (if necessary)
|
||||
* muPDF
|
||||
* AsciiDoctor
|
||||
|
||||
## `Measure-Document`
|
||||
|
||||
Measure total words, occurances of unique words, etc.
|
||||
Where applicable, the same by page, as well as total pages.
|
||||
|
||||
## `Format-Document`
|
||||
|
||||
Run format specific linter on document.
|
||||
|
||||
## `Get-DocumentMetadata`/`Set-DocumentMetadata`
|
||||
|
||||
> Reconcile document metadata formats
|
||||
|
||||
## `Import-Document`
|
||||
|
||||
Return PSCustomObject with appropriate properties.
|
||||
|
||||
***
|
||||
|
||||
## `Import-XML`
|
||||
|
||||
Missing from base pwsh but should be straightforward to implement.
|
||||
|
||||
```pwsh
|
||||
function Import-XML {
|
||||
param(
|
||||
[string]$Path
|
||||
)
|
||||
$xmlText = Get-Content $Path
|
||||
$document = [xml]$xmlText
|
||||
return $document
|
||||
}
|
||||
```
|
||||
|
||||
`*.SupplierLink.xml`
|
||||
|
||||
## `Unblock-Excel`
|
||||
@@ -0,0 +1,80 @@
|
||||
# Breakdowns
|
||||
|
||||
Managing breakdowns is the most time consuming part of takeoff.
|
||||
Assembly selection is comparatively quick compared to Anywhere.
|
||||
|
||||
## Site
|
||||
|
||||
Area: `2 - Site`
|
||||
Phase: `Site`
|
||||
|
||||
## Garage
|
||||
|
||||
### General
|
||||
|
||||
Area: `XX - Level P1 Garage`
|
||||
Phase: `Garage`
|
||||
|
||||
`XX - Level P1 Garage`
|
||||
`XX - Level P1 Building`
|
||||
|
||||
### Stairwells
|
||||
|
||||
Area: `S - Stairwells Garage`
|
||||
Phase: `Garage`
|
||||
|
||||
## Building
|
||||
|
||||
### General
|
||||
|
||||
Area: `XX - Level XX Building`
|
||||
Phase: `Building - BOH, Storage & Common`
|
||||
|
||||
### Corridors
|
||||
|
||||
Area: `XX - Level XX Building`
|
||||
Phase: `Building - Corridors`
|
||||
|
||||
### Stairwells
|
||||
|
||||
Area: `S - Stairwells Building`
|
||||
Phase: `Building - BOH, Storage & Common`
|
||||
|
||||
### Rentable
|
||||
|
||||
#### Residential
|
||||
|
||||
Area: `XX - Level XX Building`
|
||||
Phase: `Unit Residential`
|
||||
|
||||
#### Hotel
|
||||
|
||||
Area: `XX - Level XX Building`
|
||||
Phase: `Unit Key`
|
||||
|
||||
### Interior Amenity
|
||||
|
||||
#### General
|
||||
|
||||
Area: `XX - Level XX Amenity Building`
|
||||
Phase: `Interior Amenity`
|
||||
|
||||
#### Kitchen
|
||||
|
||||
Area: `XX - Level XX Kitchen Building`
|
||||
Phase: `Kitchen`
|
||||
|
||||
#### Retail
|
||||
|
||||
Area: `XX - Level XX Retail Building`
|
||||
Phase: `Retail`
|
||||
|
||||
#### Ballroom
|
||||
|
||||
Area: `XX - Level XX Ballroom Building`
|
||||
Phase: `Ballrooms`
|
||||
|
||||
### Exterior Amenity
|
||||
|
||||
Area: `XX - Level XX Exterior Amenity Building`
|
||||
Phase: `Exterior Amenity (Courtyards, Pool Decks)`
|
||||
@@ -0,0 +1,10 @@
|
||||
# Designations
|
||||
|
||||
## Building Designations
|
||||
|
||||
## Modifying Designations
|
||||
|
||||
> [!tip]
|
||||
> It is generally easier to rebuild a designation than to modify it.
|
||||
> For designations with existing takeoffs, Right-Click > `Empty Designation`.
|
||||
> The build process can then be completed anew.
|
||||
@@ -0,0 +1,232 @@
|
||||
# Lighting Takeoff
|
||||
|
||||
## Fixtures
|
||||
|
||||
### Fixture Labor
|
||||
|
||||
> | Fixture Type | Labor |
|
||||
> | ------------ | -------------- |
|
||||
> | Paddle Fan | 1.5 hrs/ea |
|
||||
> | Pendant | 1-4 hrs/ea[^1] |
|
||||
> | Strip/Cove | 0.083 hrs/ft |
|
||||
> | Site Poles | 1.5 hrs/ea |
|
||||
> | Festoon | 2 hrs/ea |
|
||||
> | All Others | 1 hrs/ea |
|
||||
>
|
||||
> [^1]: Determine exact labor from fixture and size.
|
||||
|
||||
### Fixture Branch Length
|
||||
|
||||
> | Case | Standard Length |
|
||||
> | ------------- | --------------- |
|
||||
> | Site/Courtyard | 50ft[^1] |
|
||||
> | Garage | 50ft |
|
||||
> | BOH | 40ft |
|
||||
> | Corridors | 40ft |
|
||||
> | Interior Amenity | 40ft[^2] |
|
||||
> | Office/Retail | 50ft |
|
||||
> | Exterior Amenity | 50ft |
|
||||
> | Units | 20ft |
|
||||
>
|
||||
> [^1]: Locate the panel and come up with avg. length
|
||||
>
|
||||
> [^2]: See fixture types below for special cases.
|
||||
|
||||
### Fixture Branch Wire size
|
||||
|
||||
> | Case | Wire Size |
|
||||
> | -------------- | --------- |
|
||||
> | Site/Courtyard | #10[^1] |
|
||||
> | Garage | #10 |
|
||||
> | NM Cable | #14[^2] |
|
||||
> | All Others | #12 |
|
||||
>
|
||||
> [^1]: Refer to panel schedules or Site Pole Detail for Site Pole wire size
|
||||
>
|
||||
> [^2]: Kitchen and bathroom fixtures shall be #12 (NOT #14) on wood frame (NM) projects.
|
||||
|
||||
### Garage
|
||||
|
||||
#### Fixtures
|
||||
|
||||
Use ENT Assembly unless spec requires otherwise.
|
||||
|
||||
`PVC/ENT ASSEMBLIES`/`GARAGE FIXTURE ENT W/#10 - STEEL OCT RING`
|
||||
`PVC/ENT ASSEMBLIES`/`GARAGE FIXTURE W/T ROD ENT W/#10 - STEEL OCT RING`
|
||||
|
||||
If PVC, use following assemblies:
|
||||
|
||||
| Case | Assembly Path |
|
||||
| ------- | -------------------------------------------------------------------------- |
|
||||
| Ceiling | `PVC/ENT ASSEMBLIES`/`... - SLAB BOX / 45 DEG STUBBY` |
|
||||
| Wall | `PVC/ENT ASSEMBLIES`/`... - STL BOX & TILE RING / 45 DEG STUBBY/ ENT DROP` |
|
||||
|
||||
#### Homeruns
|
||||
|
||||
> `System` = "EL - Electrical"
|
||||
|
||||
Use 1 Homerun for every 3 circuits in Garage
|
||||
|
||||
Use assembly `Common Assemblies`/`Device Homeruns in Slab/Deck`
|
||||
|
||||
### Surface Mount
|
||||
|
||||
* Wall Mount (Sconce)
|
||||
* Pendant
|
||||
* Linear
|
||||
* Tape
|
||||
* Track
|
||||
|
||||
| Wiring Method | Assembly Path |
|
||||
| ---------------------------------------------------------------------------- |
|
||||
| NM Cable | `NM ASSEMBLIES`/`RND BOX BAR HNGR...` |
|
||||
| MC Cable | `MC ASSEMBLIES`/`SQ BOX, ROUND P RING & MNTG BRKT...` |
|
||||
| PVC in Ceiling | `PVC/ENT ASSEMBLIES`/`... - SLAB BOX / 45 DEG STUBBY` |
|
||||
| PVC in Wall | `PVC/ENT ASSEMBLIES`/`3/4" PVC W/ 3#12 - STL BOX/TILE RING` |
|
||||
| EMT | `EMT ASSEMBLIES`/`... - SQ BOX & ROUND P RING` |
|
||||
|
||||
> [!note]
|
||||
> Use lighting control cable assemblies in Amenity areas
|
||||
|
||||
#### Tape Lighting
|
||||
|
||||
Also called "cove" or "strip",
|
||||
however those terms are less specific
|
||||
and potentially confusing.
|
||||
|
||||
Use item `FIXTURE LABOR 1/2HR`
|
||||
and change `Fct 1` to match the calculated labor.
|
||||
|
||||
> [!note]
|
||||
> Tape lighting length is limited by the "max power length" of the model
|
||||
> (usually measured in millimeters).
|
||||
> Max power length is usually 5000 to 15000 mm (about 16 to 49 ft)
|
||||
> depending on luminous output and voltage.
|
||||
|
||||
Separate these fixtures by labor, not length
|
||||
|
||||
```
|
||||
A - Tape 0.5hr (1-6ft) - MC #12 40ft
|
||||
A - Tape 1.0hr (7-12ft) - MC #12 40ft
|
||||
A - Tape 1.5hr (13-18ft) - MC #12 40ft
|
||||
A - Tape 2.0hr (19-24ft) - MC #12 40ft
|
||||
A - Tape 2.5hr (25-30ft) - MC #12 40ft
|
||||
A - Tape 3.0hr (31-36ft) - MC #12 40ft
|
||||
A - Tape 3.5hr (37-42ft) - MC #12 40ft
|
||||
A - Tape 4.0hr (43-48ft) - MC #12 40ft
|
||||
A - Tape 4.5hr (49-54ft) - MC #12 40ft
|
||||
A - Tape 5.0hr (55-60ft) - MC #12 40ft
|
||||
A - Tape 5.5hr (61-66ft) - MC #12 40ft
|
||||
A - Tape 6.0hr (67-72ft) - MC #12 40ft
|
||||
A - Tape 6.5hr (73-78ft) - MC #12 40ft
|
||||
A - Tape 7.0hr (79-84ft) - MC #12 40ft
|
||||
A - Tape 7.5hr (85-90ft) - MC #12 40ft
|
||||
A - Tape 8.0hr (91-96ft) - MC #12 40ft
|
||||
A - Tape 8.5hr (97-102ft) - MC #12 40ft
|
||||
A - Tape 9.0hr (103-108ft) - MC #12 40ft
|
||||
A - Tape 9.5hr (109-114ft) - MC #12 40ft
|
||||
A - Tape 10.0hr (115-120ft) - MC #12 40ft
|
||||
```
|
||||
|
||||
### Recessed
|
||||
|
||||
* recessed downlight
|
||||
* recessed linear
|
||||
* wall grazer
|
||||
* troffer
|
||||
|
||||
| Wiring Method | Assembly Path |
|
||||
| ------------- | ------------------------------ |
|
||||
| NM Cable | `NM ASSEMBLIES`/`HI HAT - ...` |
|
||||
| MC Cable | `MC ASSEMBLIES`/`HI HAT - ...` |
|
||||
|
||||
For crowded puck light areas:
|
||||
measure length between fixtures,
|
||||
round up to the nearest 5ft
|
||||
|
||||
> [!note]
|
||||
> "HI HAT" refers to a recessed can fixture.
|
||||
|
||||
### Undercabinet Fixtures
|
||||
|
||||
| Wiring Method | Assembly Path |
|
||||
| ------------- | ------------------------------------- |
|
||||
| NM Cable | `NM ASSEMBLIES`/`UNDER CABINET - ...` |
|
||||
| MC Cable | `MC ASSEMBLIES`/`UNDER CABINET - ...` |
|
||||
|
||||
> [!note]
|
||||
> Takeoff 2 fixtures if jumping over oven
|
||||
|
||||
Use 10ft #12/2 for MC & NM
|
||||
|
||||
### Paddle Fans
|
||||
|
||||
| Wiring Method | Assembly Path |
|
||||
| ------------- | ----------------------------------------------------- |
|
||||
| NM Cable | `NM ASSEMBLIES`/`RND BOX BAR HNGR...` |
|
||||
| MC Cable | `MC ASSEMBLIES`/`FAN RATED OCT BOX W/ BAR HNGR - ...` |
|
||||
| PVC | `PVC/ENT ASSEMBLIES`/`... - SLAB BOX / 45 DEG STUBBY` |
|
||||
|
||||
### Stairwells & Elevators
|
||||
|
||||
`PVC/ENT ASSEMBLIES`/`... - SLAB BOX / 45 DEG STUBBY`
|
||||
|
||||
### Facade
|
||||
|
||||
> `Phase` = "Facade"
|
||||
|
||||
Length and Labor will be more than a normal fixture in BOH/Amenity
|
||||
|
||||
> | Fixture Type | Labor (hrs) |
|
||||
> | ------------ | ----------- |
|
||||
> | Non-Linear | 2 |
|
||||
> | Linear | See above |
|
||||
|
||||
> 1. `3/4" PVC W/ 3#10 - STL BOX & TILE RING / 45 DEG STUBBY/ ENT DROP`
|
||||
> * `Length per Unit` = Distance to panel
|
||||
|
||||
### Porte Cochere (Drive up Area)
|
||||
|
||||
Create its own breakout in WBS, and phase in Accubid
|
||||
|
||||
This is not technically exposed or drop ceiling, but still use PVC
|
||||
|
||||
### FAA Lighting
|
||||
|
||||
> 1. `FIXTURE LABOR`/`FIXTURE LABOR 1HR`
|
||||
> 2. `FESTOON & ROOF ASSEMBLIES`/`Aircraft Warning, 3/4" Conduit GRC/PVC 2#10, 1#10G`
|
||||
|
||||
## Controls
|
||||
|
||||
Lorem ipsum
|
||||
|
||||
## Site & Courtyard
|
||||
|
||||
### Breakdowns
|
||||
|
||||
> `System` = "FML - Site Fixtures Material & Labor"
|
||||
|
||||
### Fixture Assemblies
|
||||
|
||||
> | Fixture Type | Assembly Path |
|
||||
> | ------------------------------------ | -------------------------------------------------------------------------------- |
|
||||
> | Step Light | `COURTYARDS & LANDSCAPE`/`STEP FIX, 3/4" CONDUIT - PVC40 - ...` |
|
||||
> | Bollard | `COURTYARDS & LANDSCAPE`/`BOLLARD, 3/4" CONDUIT - PVC40 - ...`[^1] |
|
||||
> | Up-light | `COURTYARDS & LANDSCAPE`/`PERMA POST, 3/4" CONDUIT - PVC40 - ...` |
|
||||
> | In-grade up-light | `COURTYARDS & LANDSCAPE`/`3/4" CONDUIT - PVC40, IMC Elbow, ...` |
|
||||
> | Fixtures built into cabanas/pergolas | `COURTYARDS & LANDSCAPE`/`ALUM BOX W/ FLEX FIX, 3/4" CONDUIT - PVC40 - ...` |
|
||||
> | Handrail light | `COURTYARDS & LANDSCAPE`/`ALUM BOX W/ FLEX FIX, 3/4" CONDUIT - PVC40 - ...`[^2] |
|
||||
>
|
||||
> [^1]: If we don't own concrete, delete Pre-cast bollard base from assembly
|
||||
>
|
||||
> [^2]: Per Corwin: Hand rail lights should have a rigid 90 stub up and some flex
|
||||
|
||||
#### Festoon Lighting
|
||||
|
||||
AKA "string" or "market" lights
|
||||
|
||||
> 1. `FIXTURE LABOR`/`FIXTURE LABOR 2HR`
|
||||
> 2. `FESTOON & ROOF ASSEMBLIES`/`FESTOON CABLE HANGER & EYE BOLTS - LENGTH`
|
||||
> * `Length per Unit` = Light string length
|
||||
> 3. `COURTYARDS & LANDSCAPE`/`ALUM BOX W/ FLEX FIX, 3/4" CONDUIT - PVC40 - ...`
|
||||
> * `Length per Unit` = Distance to panel + 15ft
|
||||
@@ -0,0 +1,16 @@
|
||||
# Unit Takeoff
|
||||
|
||||
> [!tip] Preparing for Unit Takeoff
|
||||
Units generally have very little variation.
|
||||
I
|
||||
|
||||
## Hotel
|
||||
|
||||
> [!info] Also Known As
|
||||
> * Guestrooms
|
||||
> * Keys
|
||||
|
||||
## Residential
|
||||
|
||||
> [!info] Also Known As
|
||||
> * Condos
|
||||
@@ -0,0 +1,34 @@
|
||||
# *The Failure of Risk Management*
|
||||
|
||||
The Failure of Risk Management
|
||||
(Why It's Broken and How to Fix It)
|
||||
by Douglas W. Hubbard
|
||||
|
||||
## Key Takeaways
|
||||
|
||||
Qualititative risk analysis
|
||||
(i.e. risk matricies, scoring charts)
|
||||
departs from legitimate statistical methodology
|
||||
and has no robust evidence to suggest its efficacy.
|
||||
There is good reason to believe that such methods
|
||||
are deleterious to their intended purpose
|
||||
in contradiction to the common response
|
||||
that they are "better than nothing".
|
||||
|
||||
Expected Value (Probability × Magnitude)
|
||||
alone can not predict or inform risky decisions,
|
||||
except for risk-neutral parties.
|
||||
People and organizations are risk-averse
|
||||
~~TODO: see chapter 6~~
|
||||
|
||||
## Mentioned Topics and Abbreviations
|
||||
|
||||
Analytic Hierarchy Process (AHP)
|
||||
Multi-Attribute Utility Theory (MAUT)
|
||||
Actuarial Science
|
||||
Options Theory (OT)
|
||||
Modern Portfolio Theory (MPT)
|
||||
Probabalistic Risk Analysis (PRA)
|
||||
Value at Risk (VaR)
|
||||
Loss-Exceedance Curve (LEC)
|
||||
Risk Tolerance
|
||||
Reference in New Issue
Block a user