The Percentage of Completion Can Be Measured in a Number

question 65

Multiple Choice

The percentage of completion can be measured in a number of ways,including:

• A) physical estimates or surveys of the work performed to date.
• B) the work plan basis, which uses the project management plan to calculate the percentage of the construction completed.
• C) the billings basis, using the proportion that progress billings to date bear to the total estimated billings for the contract.
• D) physical estimates or surveys of the work performed to date and the billings basis, using the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs.

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Definitions:

Energize

The physical application of power to a circuit or device to activate it; the act of setting the on, true, or 1 state of a programmable logic controller’s relay ladder diagram output device or instruction.

Nonretentive Outputs

Nonretentive outputs in digital electronics are outputs that do not retain their state after a device is powered down or reset.