The aim of this course is to prepare the students to understand contractual issues of construction projects and be able to analyze comparison of alternatives and cost/benefit cases of civil engineering issues.
Upon successful completion of this course, students will be able to:
1. Point out contractual issues of construction projects;
2. Prepare interim and final progress payments of contracted construction projects;
3. Recognize expressions of “time value of money”, and use them for cash-flow evaluations;
4. Apply “time value of money” expressions to analyze comparison of alternatives and cost/benefit cases in civil engineering.