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

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
All of these
Did the estimators use short cut methods which may be unrealistic in their situation

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Engineering Economics
Current ratio is:

(Current assets + loans)/Current liabilities
None of these
Current assets/Current liabilities
(Current assets + loans advances)/Current liabilities

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

To keep the project cost equal to subsequent construction budget
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

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