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How can I explain engineering economics to the layman?
In the traditional estimating process, "Cost plus" is the established norm. Cost plus 20% on $1000 is obviously $1200. I try to explain how using the divisible multiplier .8 ($12500) is the correct way to mark up a project 20% I am met with heated opposition, because they have always known 200...- olivermoontan
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- Replies: 2
- Forum: Structural engineering general discussion
