1. Answer any four of the following in short to 5 lines only):

Explain Productivity and Quality at construction site.

Give the advantages of contractual option over departmentally executed work.

Explain Productivity Performance Index.

What are the steps involved in Budget Cost Analysis?

Differentiate between Management and Construction management.

2. Explain the following in the context of a construction project

Project Life Cycle and the number of phases in which it can be categorised.

Differentiate between Fast track and Sequential approaches of a construction project.

Explain three factors affecting the productivity and quality at site.

What are the main sources of project financing?

3. Discuss the merits and demerits of a 'Project form organisation' and a 'Matrix organisation'.

4. Explain the term 'Stock Valuation'. Describe in detail any three important techniques of stock valuation.

5. Explain the following Finance and Accounts terms:

Construction Accounting

Management Accounting

Differential Accounting

Profit and Loss Account

6. How do you define a contract in legal terms What are its essential elements? List the different types of construction contracts.

7. Differentiate between the following:

Capital and Revenue Expenditure/Cost

Centralised and Decentralised Purchasing

Organisational Culture and Rules

Deviation and Modification Orders

Draw a schematic diagram showing various agencies responsible for the management of a construction site.

"Construction industry is most accident prone." Are you in agreement with the above stated view? Why