Probabilistic estimating of a construction project includes: Labour Productivity

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Question
Probabilistic estimating of a construction project includes:
Options
A. Labour
B. Productivity
C. wage scale
D. All of these

Correct Answer

All of these

Engineering Economy problems

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1. The key to profitable operation for project cost control, is :
Options
A. To keep the project cost equal to original cost estimate.
B. To keep the project cost equal to subsequent construction budget.
C. To keep the project cost within the cost budget and knowing when and where job costs are deviating.
D. None of these

2. Pick up the correct statement from the following:
Options
A. An annuity is a series of equal payments occurring at equal period of time.
B. Annuity is called an equal payment or uniform payment series.
C. An annuity may have periods of time of any length but should always be of equal length.
D. All the above.

4. Pick up the correct statement from the following:
Options
A. The ability of a company to meet obligations which are likely to mature in short term, is called liquidity.
B. The liquidity ratio may be defined as a relationship of current liabilities and current assests and advances.
C. The liquidity ratios are used to indicate the financial position of the firm.
D. All of these

5. 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

8. The estimate based on a detailed quantity survey and furnishes the most accurate and reliable estimate possible is known as
Options
A. Conceptual estimate
B. Definitive estimate
C. Probabilistic estimate
D. None of these

9. Pick up the ratio which gives us sufficient information by which to judge the financial condition and performance of the firm, from the following:
Options
A. Liquidity ratio
B. Financial leverage ratio
C. Activity ratio
D. Portability
E. None of these

10. The estimator for definitive estimates must be able :
Options
A. and an all-around construction expert.
B. to read the plans and specifications to determine accurate quantities of permanent materials and installed Equipment.
C. to express the job material requirements in dimensions suitable for costing and construction supplies.

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