A construction estimate is used
-
to judge tentatively or approximate value of the project -
to produce a statement of the approximate cost -
to decide an approximation of the value of the project and not the exact cost. -
None of these
Pick up the correct statement from the following:
-
Engineering economy is a collection of mathematical techniques which simplify economic comparisons -
Engineering economy is a decision assistance tool by which one method will be chosen as the most economically one. -
For understanding the engineering economy, one should be able to classify the basic terminology and fundamental concepts of economy. -
All of these.
Pick up the element of the cost from the following:
-
direct material -
direct labour -
Over head -
All of these
Which method is adopted to develop an approximate or conceptual estimate for perimeter works for buildings from the following:
-
Base unit method -
Cost per function method -
Cost per square metre method -
Cost per cubic metre method -
Cost per linear metre method
Keeping in view, the feasibility order of magnitude, the preliminary, conceptual or budget estimates, are prepared by :
-
architect/engineer -
construction manager -
owner himself/herself -
construction manager -
None of these
The estimator for definitive estimates must be able :
-
and an all-around construction expert. -
to read the plans and specifications to determine accurate quantities of permanent materials and installed Equipment. -
to express the job material requirements in dimensions suitable for costing and construction supplies.
Pick up the correct method adopted for developing the approximate or conceptual estimates from the following :
-
Base unit method -
Cost per function method -
Cost per square metre -
Cost per linear unit -
All of these
The construction manager uses the estimate of the project
-
to tell the owner of the project to take his/her financial decision. -
to advise the architect/engineer regarding design cost parameter especially in value engineering analysis. -
to develop bids on the project. -
to control the project during its construction. -
All of these
The financial analysis :
-
helps a share holder to compare the expected return on his investment in the firm against the expected return from other alternative investment. -
helps a bank to know the financial position of the firm for granting a loan to the firm. -
helps to judge the success of the firm's financial plans. -
All of these.
A construction estimate is used
-
to judge tentatively or approximate value of the project -
to produce a statement of the approximate cost -
to decide an approximation of the value of the project and not the exact cost. -
None of these
In the cash-flow diagram shown in the given figure
-
Equal deposits of Rs 3000 per year (A) are made, starting now. -
The rate of interest is 10% per yearaccount -
The amount accumulated after the seventh deposit is to be computed -
All of these
If P is principal amount, i is the rate of interest per annum and n is the number of periods in years, the compound amount factor (CAF) is :
-
(1 + i)n -
(1 + i)(1/2n) -
(n + i) -
None of these
Pick up the correct statement regarding financial statement analysis from the following.
-
Final analysis always involves the use of various financial statements i.e., balance sheet and income statement. -
The balance sheet is the summary of assests, liabilities and owner's equity of business at a point in time. -
The income statement is the summary of revenues and expenses of a firm over a particular period of time. -
All the above
In the cash-flow diagram shown in the given figure
-
Equal deposits of Rs 3000 per year (A) are made, starting now. -
The rate of interest is 10% per yearaccount -
The amount accumulated after the seventh deposit is to be computed -
All of these