Construction Planning and Management
If the expected time of completion of a project is 60 weeks with a standard deviation of 5 weeks, the probability of completing the project in 50 weeks and 65 weeks respectively will be

2.3% and 84.1%
97.7% and 84.1%
15.9% and 97.7%
97.7 % and 15.9%

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Construction Planning and Management
Mobilization advance up to 10% of the cost of work is given to a contractor

For all activities required to start the work at site on finalization of the contract document
On commencement of work at site for payment of loan taken by him
For the payment of advances to labour and other staff
For the purchase of construction materials

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Construction Planning and Management
Sinking fund is

The total sum to be paid to the municipal authorities by the tenants
The fund for rebuilding a structure when its economic life is over
A part of the money kept in reserve for providing additional structures and structural modifications
Raised to meet maintenance costs

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