Explain and discuss the factors involved with cost control.
What will be an ideal response?
Cost control involves containing construction costs within the budget established by the cost estimate. Cost control is more than accurately reporting costs and comparing them to the estimate. It involves the use of the comparison to indicate a need to change methods, techniques, or crew composition to achieve the desired profit on the project. Cost and productivity control can help achieve additional profits on the construction project. Collection of actual construction costs for work activities also ensures an accurate cost database for the construction contractor. The use of accurate, proven construction costs can help with the accuracy of estimates.
You might also like to view...
Changing the oil and filter on a hybrid ICE is the same as with a conventional engine.
Answer the following statement true (T) or false (F)
The timing chain in an engine uses a ________ on the ________ side of the chain to maintain correct chain tension
A) Short rod; unloaded B) Hydraulic tensioner; loaded C) Tension screw; loaded D) Spring tensioner; unloaded
Traditionally, seal shafts consisted of _____
A) O-rings and gaskets around a shaft B) a spring-loaded shaft seal C) a stuffing box packed with grease D) rope or braided style packing in a stuffing box
Which of the following statements about Portolan charts is most accurate?
a. Portolan charts were of most use for plotting a course in open water. b. Portolan charts used landmarks and compass headings to plot a course. c. Portolan charts made use of the Pole Star to steer. d. Portolan charts helped pilots to determine their longitude.