Architecture and Planning
GATE AR topic:construction-management PYQs
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Questions 31–32 of 32. Imported answers require independent review unless marked reviewed.
Question 38
Open questionARNAT2 marksNeeds review
Fee of contractor for a project has the following provisions
• Basic fee = 15% of actual cost of work incurred
• Bonus = 20% of savings from estimated cost of work
• Penalty = 20% of cost overrun
If the estimated cost of the project is Rs. 60,000, and the actual cost is Rs. 70,000, then the total fee of contractor in Rupees is ________
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Open questionARNAT2 marksNeeds review
The optimistic, most-likely and pessimistic time for developing a new product are 12 months, 15 months and 17 months, respectively. Calculate the expected time in months.
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