1. Which three elements are used to determine if the cost of a Betterment is justified (choose one).
Cost of the betterment / Overall reduction in maintenance costs / Cost of future repairs | |
Best value / Overall improvement of safety / Cost of future repairs | |
Quality of the Betterment plan / Risk of eligible recurring damage / Cost of future repairs | |
Number and frequency of past events / Economic impacts of current damage / Overall cost savings | |
Cost of the Betterment / Risk of eligible recurring damage / Cost of future repairs | |
CPI adjusted cost of past damage / Cost of the Betterment / CPI adjusted cost of future repairs |
2. Choose the item which shows the formula for determining a Betterment cost:
Total cost of repair without the Betterment - Total cost of repair including the Betterment | |
Total cost of repair including the Betterment - Total cost of repair without the Betterment | |
Total cost of repair including the Betterment - Total cost of repair without the Betterment adjusted for anticipated inflation at the estimated date of construction | |
Total cost of repair including the Betterment + Total cost of repair without the Betterment |
3. True or False: Economic impacts and user costs can be used to economically justify Betterments for ER funding.
True | |
False |
4. True or False: Projecting damage to occur frequently (2 to 5-years) is a good way to justify the additional cost of a Betterment.
True | |
False |
5. True or False: Traffic control during construction is not included when estimating the cost of a Betterment.
True | |
False |