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WorksheetsDay 87-Dec 23-worksheet-Btech-CM-Contracts & Tenders
Total questions: 15
Worksheet time: 10mins
In network crashing, the cost slope of an activity represents:
Increase in indirect cost per unit time
Increase in total project cost per unit reduction in duration
Increase in direct cost per unit reduction in activity duration
Ratio of normal cost to crash cost
Which activity should be crashed first to reduce project duration economically?
Activity with maximum float
Activity on non-critical path
Critical activity with minimum cost slope
Activity with maximum duration
Resource allocation in CPM primarily aims at:
Reducing project duration
Minimizing total project cost
Eliminating dummy activities
Adjusting start times without changing project duration
Resource leveling differs from resource allocation because leveling:
Reduces total cost
Maintains project duration constant
Shortens critical path
Requires crashing
Which of the following is NOT a type of tender?
Open tender
Limited tender
Negotiated tender
Indexed tender
Earnest Money Deposit (EMD) in tendering is mainly intended to:
Cover construction cost
Ensure contractor’s financial capacity
Prevent frivolous bidding
Pay labour wages
In a lump sum contract, the contractor’s risk is generally:
Nil
Shared equally
Higher
Lower than item rate contract
: Crashing an activity always reduces the total project cost.
True
False
Resource smoothing allows variation of project completion time.
True
False
The shortest possible duration of an activity is called (a) time.
Cost slope is calculated as (Crash Cost − Normal Cost) / (a) .
Resource allocation does not alter the duration of the project.
True
False
The process of distributing limited resources over time is called (a) .
Tender invited from all eligible contractors is known as (a) tender.
The agreement document between owner and contractor is called (a) .
