A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded.
Major engineering drawings will be finalized two years after the design contract is awarded

The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
At the end of 30 months, copper prices will

AACE International defines _____________as a technique of economic evaluation that sums over a given study period, the costs of initial investment, replacements, operations, and maintenance/repair; expressed in either present or annual value terms.
A. Risk analysis
B. Benefit/Cost ratio (B/C)

______________can be defined as the determination of that course of action or combination of alternatives that yields either the lowest cost or the highest profit.
A. Economic optimization
B. Simulation
C. Linear programming
D. Dynamic programming

What is executed in connection with a contract and secures the performance and fulfillment of all the undertakings, covenants, terms, conditions and agreements contained in the contract?
A. Liability insurance
B. Performance bond
C. Bid bond
D. Surety bond