Float Is Often Seen as Belonging to

question 19

Multiple Choice

Float is often seen as belonging to

• A) the Owner to distribute as needed
• B) whoever uses it first
• C) the Design Professional
• D) whoever needs it most

---

Definitions:

Private Cost

The cost incurred by an individual or company in producing goods or services, excluding any costs imposed on others which are not reflected in market prices.

Social Value

The overall impact of an organization, policy, or project on society as a whole, beyond just the direct economic benefits.

Producer Surplus

The difference between what producers are willing to accept for a good compared to what they actually receive, essentially measuring the benefit to producers from selling at the market price.

Consumer Surplus

The gap between the amount consumers are ready to spend on a good or service and the amount they end up paying.