Real Estate & Construction sector

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16. Which of the following is NOT a type of construction contract?
a) Lump sum contract
b) Cost-plus contract
c) Design-build contract
d) Rental contract

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17. What is the process of obtaining necessary permits and approvals from government authorities before starting a construction project called?
a) Bidding
b) Procurement
c) Licensing
d) Permitting

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18. Which of the following is NOT a stage of the construction project life cycle?
a) Planning
b) Design
c) Execution
d) Selling

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19. What is the term used to describe the process of estimating the total cost of a construction project?
a) Budgeting
b) Pricing
c) Cost analysis
d) Estimation

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20. Which of the following is NOT a common construction method?
a) Traditional construction
b) Prefabricated construction
c) Green construction
d) Air construction

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