Why engineering economics important in civil engineering?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Civil engineering focuses on providing basic amenities to the public. Without considering economics, there are very few limits on the scale of what could be undertaken (a 10-bedroom mansion vs. a 1-bedroom cottage). Taking economic restrictions into account, it is the duty of Civil Engineers to balance the opposing forces of cost and product.

Beyond this, as in any industry, if your competetor can provide more for less, assuming comparable quality, they will get the work.
4 people found this useful

Importance of Engineering Economics?

Engineering Economics is imprtant to the engineers for planning,designing, cost-benifit of the product & Time value of money.These are all take into the mind before manufactur

Importance of chemistry in civil engineering?

Major components of Civil Engineering are quite related to organic chemistry. These include Water and waste management, building materials innovation and use, Concrete mixing

Importance of surveying for civil engineers?

The planning and design of all Civil Engineering projects such as construction of highways, bridges, tunnels, dams etc are based upon surveying measurements. Moreover, during

Why is it important to work with engineering economics for a civil engineer?

Today more then ever, engineers are asked or required to choose the best approach in their designs based on factors within a volatile economy. These decisions that were basica

Importance of Engineering geology and civil engineering?

engineering jeology is backbone of civil engineering .and engineering geologist is man role in civil engineering .that he provide the information for the civil engineering and

Importance of civil engineer in Nigeria?

importance of civil engineers in Nigeria is to help improve in certain sectors of the nigerian economy and also in construction of infrastructures to improve the life style of

Why engineering dynamics is important in civil engineering?

dynamics is basically subject which is more useful in mechanical engg but nowadays when earthquake design of building has gained importance, we, the civil engineers use the dy

What is the importance of hydrology in civil engineering?

Hydrology is very important in Civil Engineering because water affects all aspects of construction . From the cohesion of soluable aggregate interaction to the effects of dire

What importance of statistics in civil engineering?

Well...all the importance. every structural design, every safety factor, every hidrologycalanalysis, every mechanical analysis, everything, even the materialsused are based o