Engineering Economics
A construction estimate is used

To decide an approximation of the value of the project and not the exact cost
To produce a statement of the approximate cost
To judge tentatively or approximate value of the project
None of these

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

None of these
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
To keep the project cost equal to subsequent construction budget

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