The course is a basic introduction to the concept of the time value of money using simple rates of return, interest rates and types, and decision criteria. Pricing techniques and methodology are introduced as part of the estimating process and bid preparation. Various forms of budget pricing are introduced which lead to a more detailed study of elemental analysis.
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At the end of this course the student will be able to:
Recognize the relationship between interest rates and the time value of money.
Calculate present and future value problems.
Evaluate and rank various investment opportunities.
Assemble key financial components and prepare a pro-forma statement.
Convert material quantities to final estimate costs by applying pricing techniques and methodology.
Describe crew assembly, and develop corresponding crew rates.
Generate unit prices for applicable tender requirements.
Identify the process of final tender assembly and preparation.
Distinguish various budget pricing techniques and their applications.
Carry-out the steps involved in completing an elemental analysis of particular project.
Effective as of Fall 2007
BLDC 2150 is offered as a part of the following programs:
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