socially constructed categories) to be social constructions. What is meant by the phrase ‘social construction’? How is race‚ for example‚ socially constructed? Social constructions of reality means the process of developing jointly constructed understandings‚ thoughts or concepts of the world by a society. Meaning‚ notion or connotations placed on an individual‚ group or event by a society through cultural or social practice‚ they become social constructions when they are adopted by the inhabitants
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USING E-TENDERING IN SINGAPORE CONSTRUCTION INDUSTRY First names YAP Last name YEE THARM Abstract: E-tendering is a relatively new and modern technique of tending system. The transaction can be done from business-to-business‚ business-to-consumer or Business-to-government buy and sale of goods‚ works and services through the Internet or other networking systems. This paper examines the pros and cons of using E-tendering in the Singapore Construction Industry and the future trend of E-tendering
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EC301 Open-Book Midterm Exam (Weight 110 points) 1. (7 points) How are presidential election outcomes related to the performance of the economy? 2. (7 points) Discuss the difference between Microeconomics and Macroeconomics. 3. (10 points) Use the concepts of gross and net investment to distinguish between an economy that has a rising stock of capital and one that has a falling stock of capital. “In 1933 net private domestic investment was minus $6 billion. This means that in that particular
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P * Procurement Definition: A basic definition for the procurement is “the way the building is realised” and “involves assembling and organising the skills and services of a team of construction professionals”. (the Construction Round Table‚ 1995). More precisely‚ the construction industry describes procurement as “a system that establishes the roles and relationships which make up a project organisation”; hence the overall organisation and communication structure for the management‚ administration
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Later the Arabs built roads that were covered with tar. The roads were constructed by preparing earthworks and lifting road foundation at the center for the water drainage. The road construction techniques gradually improved by the study of road traffic‚ stone thickness‚ road alignment‚ and the slope gradients. The initial road construction materials were stones that were laid in a regular‚ compact design‚ and covered with smaller stones to produce a solid layer. Depending on the main function‚
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Fundamentals of Macroeconomics Paper ECO 372 12/12/2013 The Gross Domestic Product (GDP) This is used to measure the total market value of all goods and services. The value is measure against the total amount produced within a country in a year or over a period of time. There can be issues with the accuracy of the calculations‚ because the Government receives the data which only analyzes the output of goods and services that were reported. There may be circumstances
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1. Describe the impact the design and construction industries have on our society. Why are these professions so important? Building construction is a huge step in human evolution. Providing living spaces to favor our lifestyle‚ it supports our daily habits and connects places to one another. It fastens the advancement of transportation‚ energy production and all kinds of inventions. As society grows‚ building construction utilizes landscape and environmental resources‚ modernizing cities into a
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Fundamentals of Macroeconomics Paper Chad Jones ECO/372 Principles of Macroeconomics April 23‚ 2012 Tom Hodgkiss In the world of economics‚ understanding many terminologies can enhance one’s ability to be successful with consumers’ patterns of using goods or services and how those factors affect the economy when they are produced‚ distributed‚ and consumed. Gross Domestic Product or GDP is the official measure of goods and services produced in a
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Infrastructure Project Cost Estimating Work Breakdown Paul Hewitt‚ International Project Estimating Limited Introduction Construction Cost Estimating Work Breakdown Structure (WBS) The term WBS has become a common term in all fields related to Cost Engineering including Construction Cost Estimating‚ Scheduling and Project Cost Control. A well defined WBS is the backbone of good Construction Estimating Software and can take several forms including the breakdown of items within an estimate‚ the layout of
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PORTFOLIO CONSTRUCTION USING SHARPE METHOD A PROJECT REPORT Table of Contents Executive Summary 3 Introduction 4 The traditional Approach 4 The Modern Approach 4 Need for Study 5 Objective 5 Limitations 5 Literature Review 6 Research Methodology 8 Analysis and Interpretation 10 Findings 13 Recommendations 13 Conclusions 13 Bibliography 14 Executive Summary An equity portfolio consists of two or more securities. Individual securities have risk and return characteristics
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