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

To check quotations from contractors and/or sub-contractors
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

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Engineering Economics
Which is true about partnership?

It has a perpetual life.
It can be handed down from one generation of partners to another.
Its capitalization must be equal for each partner.
It will be dissolved if one of the partners ceases to be connected with the partnership.

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