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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


    Search Results


    • 1. The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where

    • Options
    • A. 8% is the rate of interest per year
    • B. money is borrowed for n = 7 years
    • C. both (a) and (b)
    • D. Neither (a) nor (b)
    • Discuss
    • 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.
    • Discuss
    • 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
    • Discuss
    • 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
    • Discuss
    • 5. Annuities involve:

    • Options
    • A. a series of payments
    • B. all payments of equal amount
    • C. payment at equal time intervals
    • D. payments at the end of periods.
    • E. All of these
    • Discuss
    • 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.
    • Discuss
    • 7. Current assests less inventories divided by current liabilities is known as

    • Options
    • A. Liquidity ratio
    • B. Current ratio
    • C. Acid-Test (or Quick) ratio
    • D. Debts ratio
    • Discuss
    • 8. The financial analysis helps to judge:

    • Options
    • A. The operational efficiency of the firm
    • B. The financial position of the firm.
    • C. Both (a) and (b)
    • D. Neither (a) nor (b)
    • Discuss
    • 9. Pick up the element of the cost from the following:

    • Options
    • A. direct material
    • B. direct labour
    • C. Over head
    • D. All of these
    • Discuss
    • 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
    • Discuss


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