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

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

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

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

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Engineering Economics
The institute of Electronics and Communications Engineers of the Philippines (IECEP) is planning to put up its own building. Two proposals being considered are:A. The construction of the building now to cost P 400,000B. The construction of a smaller building now to cost P300,000 and at the end of 5 years, an extension to be added to cost P 200,000.By how much is proposal B more economical than proposal A if interest rate is 20% and depreciation to be neglected?

P 19,423.69
P 19,122.15
P 19,518.03
P 19,624.49

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