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Construction Planning Exam 2
Construction Planning Exam 2
24
Civil Engineering
Undergraduate 4
04/19/2017

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Cards

Term
Liquid Assets
Definition
similar to current assets
Term
Direct costs
Definition
Project specific - Labor, materials
Term
Indirect cost
Definition
Overhead cost
Term
Balance Sheets
Definition
Financial snapshot of a business at any point in time
Term
Operating Income Statement
Definition
referred to as profit and loss (financial status over a period of time)
Term
Fixed Costs
Definition
Rent, accounting fee, equipment payments
Term
Variable Costs
Definition
caries with revenues (insurance)
Term
Semi-variable cost
Definition
utilities, fixed service costs plus usage
Term
Gross Profit equation
Definition
GP = Total income - Total expenses
GP = Rev - COR
Term
Profit
Definition
Total income - total expenses
Term
Net worth
Definition
Assets - Liabilities
Term
Working Capital
Definition
Current Assets - Current Liabilities
Term
Quick Ratio
Definition
(Cash + Receivables) ÷ Current Liabilities Accept > 1
Term
Current Ratio
Definition
CA ÷ CL
Term
Coverage Ratio
Definition
Total Debt ÷ Stockholders Equity
Term
Return on Asset
Definition
NI ÷ average TA
Term
Return on Investment
Definition
NI ÷ Stockholders E
Term
GP Percentage
Definition
Income for contracted Opp ÷ Contract Rev
Accept : 20% - 60%
Term
Dispute Resolution Methods
Definition
Negotiation, Mediation, Mediation-Arbitration, Arbitration, Litigation, Drop Claim/Concede
Term
AFl Stands for:
Definition
American Federation of Labor
Term
CIO Stands for:
Definition
Congress of Industrial Organizations
Term
Fair Labor Standard Act
Definition
A law which sets out various labor regulations regarding interstate commerce employment, including minimum wages, requirements for overtime pay and limitations on child labor.
Term
Peer Review
Definition
an experienced professional who has performed similar functions in similar situations
Term
Surety Bond types
Definition
Bid bond, performance bond, payment bond
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