Assume the cost to date of an activity is $20k for 5% of the project, and the total budged cost is $200k. What is the forecast completion amount for the activity?
One reason why production rates change over time is because…
One reason why production rates change over time is because a new site sometimes requires a greater initial learning curve before steady state production is reached.
Schedule progress and expenditure progress are mutually excl…
Schedule progress and expenditure progress are mutually exclusive since one is dealing with time and the other with money.
For typical heavy civil construction, such as road construct…
For typical heavy civil construction, such as road construction involving easily measurable quantities of aggregates and pavements, which is the most suitable payment method?
Common types of construction projects engaged by municipalit…
Common types of construction projects engaged by municipalities include power plants, water plants, buildings, bridges, and roads.
In a road lane closure, which work zone area is where the up…
In a road lane closure, which work zone area is where the upstream taper is located?
Which of the following is the least likely to be associated…
Which of the following is the least likely to be associated with accounting for a heavy construction contractor?
If an owner wanted the best-built project regardless of the…
If an owner wanted the best-built project regardless of the design, which project delivery mode would an owner choose?
Which of the following is the worst explanation for why ther…
Which of the following is the worst explanation for why there is higher risk in construction?
Which of the following reasons is the least reasonable for e…
Which of the following reasons is the least reasonable for explaining the difference between the owner’s engineer’s estimate and the contractor’s bid estimates?