EBK ENGINEERING ECONOMY
EBK ENGINEERING ECONOMY
17th Edition
ISBN: 9780134838229
Author: Sullivan
Publisher: PEARSON
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Chapter 3, Problem 8P

Prepare a composite (weighted) index for housing construction costs in 2014, using the following data: (3.3)

Chapter 3, Problem 8P, Prepare a composite (weighted) index for housing construction costs in 2014, using the following

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What is the composite index in 2014? Group of answer choices 172 120 153.5 130
Every year, there is some form of construction work going on at UF's campus. In January 2018, bids were opened for a new building on campus for UFPD. The bid/construction value of the building was set at $5 Million. Another building of similar structure and purpose is planned with a bid opening in January 2023. What is the expected bid for the new building? It is given that in January 2000, the Florida Construction Cost Index had a value of 5550, while in January 2018, that value was 8000. You can use these price indices to calculate an average inflation in construction costs.
An arena in Winnipeg cost $ 4.7 million in 2005. Estimate the cost of building a similar arena in Vancouver. Construction costs inVancouver are believed to be 31% higher than Winnipeg. The all-items Consumer Price Index (CPI) for 2005 in Canada was 107,while the latest available CPI is 137.3.
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