Engineering Economics
The key to profitable operation for project cost control, is:

To keep the project cost equal to subsequent construction budget
To keep the project cost within the cost budget and knowing when and where job costs are deviating
None of these
To keep the project cost equal to original cost estimate

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

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

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Engineering Economics
Which one of the following questions is relevant to the construction estimates?

Did the estimators precisely evaluate site conditions
All of these
Did the estimators use short cut methods which may be unrealistic in their situation
How much money will the contractor's risk, loosing if he were to submit bid on the raw estimate of cost

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