14. Equipment funding for a construction project is typically of two general cat

Question

14. Equipment funding for a construction project is typically of two general categories 15. Define "earned value" as it relates to a construction project 11. What is payment "retainage" in construction project cost accounting? 12. A change that affects all activities, or a selected group of activities, at the same time, even those filtered from view a. Node b. Global c. Activity d. Link line 13. What are the two types of wages paid to employees and the advantages and disadvantages of each? 14. A calendar would apply to construction materials and when they would be available. a. Base b. Resource c. Date d. Data 15. Earned value determination requires to develop and collect both and data in a manner that allows the two to be associated with one another. a. Cost and schedule b. Expenses and wages c. Regular time and overtime pay d. Calendar and income

Explanation / Answer

11) retainage is the withholding of a portion of each progress payment earned by a contractor or subcontractor until a construction project is complete. Retainage is calculated as a percentage of each progress payment, typically 5% to 10% of the payment

12 ) c ) activity

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13) Incentives :

commision: Payment may be either straight commission (no base salary) or a combination of base salary and commission

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14) b) resource

15 ) a) cost and schedule

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