5 Questions
What are the common elements in all construction projects?
Scope of work, time schedule, and budget
Why is construction cost estimation a fundamental skill for engineering firms and contractors?
Important project decisions are based on costs
What is a characteristic of buildings resulting from construction projects?
Long lifespan and high costs
What do construction project investors often focus on when making decisions about building design and equipment?
Acquisition costs
Why do decisions connected with construction projects have long-term and significant impact?
Due to the long lifespan and high costs of buildings
Test your knowledge of financial considerations in construction projects with this quiz on managing building projects, scope of work, time schedules, and budgets in the construction industry. This quiz is based on the lecture notes in CE 35 – Building Systems Design from Central Mindanao University's College of Engineering.
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