The project contractor relies on the cost of the estimate : for submission of a

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Question
The project contractor relies on the cost of the estimate :
Options
A. for submission of a competitive bid for a lumpsum contract
B. for a unit price contract
C. for preparation of a definitive estimate to help negotiate contract.
D. All of these

Correct Answer

All of these

Engineering Economy problems

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2. Pick up the correct statement from the following:
Options
A. The change in the amount of money over a given time period is called 'time value' of money, a most important concept in engineering economy.
B. The manifestation of the time value of money is termed as interest.
C. Interest on borrowing = present amount owed - original loan
D. The original investment (or loan) is referred to as principal.
E. All of these.

3. The annuity which refers to a debt payment for recovering the initial amount or capital in equal periodical payments, is known as;
Options
A. Present Worth Annuity
B. Sinking fund annuity
C. Compound annuity
D. Capital recovery annuity

4. In the cash-flow diagram shown in the given figure
Options
A. Equal deposits of Rs 3000 per year (A) are made, starting now.
B. The rate of interest is 10% per yearaccount
C. The amount accumulated after the seventh deposit is to be computed
D. All of these

6. Pick up the correct reason for making conceptual (or preliminary) estimate from the following:
Options
A. To have a check on a definitive cost estimate.
B. To check qoutations from contractors and/or sub contractors.
C. To compute target estimate for the owner while drawings and specifications are in initial stage.
D. All of these.

10. Refer to the cash flow diagram of uniform gradient in a cash flow (in the given figure), the gradient is :
Options
A. Rs 10000 per year
B. Rs 15000 per year
C. Rs 20000 per year
D. Rs 25000 per year

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