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Construction Economic Question Paper

Construction Economic

Course:Bachelor Of Science

Institution: Kenyatta University question papers

Exam Year:2008

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2007/2008
INSTITUTE OF OPEN LEARNING
EXAMINATION FOR THE DEGREE OF BACHELOR OF SCIENCE
SET 457: CONSTRUCTION ECONOMIC
DATE: MONDAY 7TH JULY,2008 TIME: 8.00 A.M – 10.00 A.M
==============================================================
INSTRUCTIONS:
Answer any THREE questions.
1. (a) How are construction works classified. (15 marks)

(b) Discuss the difficulties of marketing within construction industries.(10 marks)

2. What are the three stages of price determination for a single project.(25 marks)

3. What are the main resources needed for the construction industry. (25 marks)

4. (a) The construction industry spend relatively little on sale promotion
compared to some consumers goods industries. Discuss reasons for this.(15 marks)

(b) Distinguish between demand and cost inflation. (10 marks)

5. (a) What is different between industrialized and traditional construction.
(15 marks)
(b) Discuss the effect of construction industry on economy. (10 marks)

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