Engineering Economics
Pick up the correct method adopted for developing the approximate or conceptual estimates from the following:

Cost per function method
Cost per square metre
Base unit method
All of these

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Engineering Economics
Pick up the correct reason for making conceptual (or preliminary) estimate from the following:

All of these
To compute target estimate for the owner while drawing and specifications are in initial stage
To have a check on a definitive cost estimate
To check quotations from contractors and/or sub-contractors

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Engineering Economics
Which is NOT an essential element of an ordinary annuity?

The first payment is made at the beginning of the first period.
Compound interest is paid on all amounts in the annuity.
The payments are made at equal interval of time.
The amounts of all payments are equal.

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