Estimating and Costing

21) The gradual accumulation of amount by way of annual periodic deposits which is meant for the replacement of the structure at the end of its useful life period is known as

Discuss in Comment

sinking fund

22) The technique of finding the fair price of an existing building or property is known as

Discuss in Comment

valuation

23) The value of the property (without being dismantled) at the end of the useful life period is known as

Discuss in Comment

salvage value

24) The annual periodic payments made for the repayment of the capital invested is known as

Discuss in Comment

annuity

25) The value of the dismantled material less the cost of dismantling is called

Discuss in Comment

the scrap value

26) The measurement of steel grills is taken in terms of

Discuss in Comment

weight

27) Actual cost of construction plus certain profit is paid to the contractor, Such a contract is known as

Discuss in Comment

cost + percentage contract

28) The …… value of a property is the amount of money whose annual interest at the highest prevailing rate of interest will be equal to the net income from the property.

Discuss in Comment

capitalised

29) For electric wiring such as fan, light, plug etc., the estimate is made in terms of

Discuss in Comment

type of point

30) In the analysis of rates, the profit for the contractor is generally taken as

Subject Notes

Objective Box

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