Economic decision analysis in the construction industry is referred to as the ____.
A)delivery costing technique
B)value costing technique
C)life-cycle costing technique
D)minimal costing technique

Question

Quizplus · Accepted Answer

Life-cycle costing technique is the most appropriate economic decision analysis in the construction industry as it takes into account the total cost of ownership over the entire life of a project, including construction, operation, and maintenance costs. Delivery costing technique refers to the cost of delivering materials and equipment to the construction site. Value costing technique is a method of determining the value of a project relative to its cost. Minimal costing technique does not exist.

Economic Decision Analysis in the Construction Industry Is Referred to as the ____