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Introduction to the Problem and Bidding Fundamentals

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30:55
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At 0:00 in

Building wall collapses

What happens here

The video begins by showcasing the severity of a collapsed basement wall. The presenter, Stan Jenatic, introduces the project as a real-world example of construction repair that requires careful planning and bidding. He emphasizes the 'four main components' or 'pillars' of any construction job: Labor, Materials, Overhead, and Profit, noting that these must be considered from start to finish. He stresses the importance of understanding these fundamentals, often overlooked in traditional university courses, for the success of any construction venture.

Goal: Understand the scope of the basement wall collapse and the core financial pillars of construction projects.

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Oh I thought all that was about to collapse holy all right you guys today we're going to be bidding and repairing a construction job and there's four main components to a construction job and we're going to cover all of them from start to finish by the time you're done with this video you're going to learn more about bidding a construction job then you're ever going to be able to find out in any University course that they offer because I'm going to knowledge dump everything I have on you but let's check out what we're getting into right now like a solid day and a half of rain um on top of really frozen ground and uh this wall collapsed so there's a basement to this building and this bit of the basement wall collapsed that's kind of what was going on is obviously the ground's frozen insulated with a whole bunch of snow and all the rain that we got the other day obviously you know it needs to go somewhere and with the buildings they put off thermal heat which is residual heat coming out from the building so it'll keep the ground thawed for a couple of feet off of the building and the water went on down there couldn't go any further out so it went in oh man [Music] so maybe we put a couple screws right here and then strap it to that and you know we're extracted uh back over there yeah morning Sam good morning so yeah show up to your uh place of business and on a Monday morning and walk downstairs turn on the light and then you see this I mean that all that water had to go somewhere dude yeah no this was before it rained oh really yeah okay never mind it rains huh I take back everything I said outside yeah it wasn't raining yeah it wasn't the sidewalk was actually intact until we got all that rain yeah came right off but yeah it might be where we did okay I'll take what I want so the Brick's all tied up good yes good can't go anywhere yeah you want to say [Music] right we'll just have to uh first phase is try to get a bunch of this concrete off out of here and then this is the support holding up the floor and this end of the building that uh this is sitting against right now so might have to get crafty and start sledgehammering you know this that's away yeah and then if I can get a little dirt but the only problem is once you start moving any of this stuff and it pushes this into here we might want to just try to break this free and clear at least like to hear and that looks like the only spot they may have core filled I don't think they cornfield this looks…

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