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The respiratory protective devices (RPD) can protect workers only if their protective properties are adequate to the conditions in the workplace.Therefore, specialists have developed criteria for the selection of proper, adequate respirators, including the Assigned Protection Factors (APF) - the decrease of the concentration of harmful substances in the inhaled air, which (is expected) to be ...
In accounting, the residual value could be defined as an estimated amount that an entity can obtain when disposing of an asset after its useful life has ended. When doing this, the estimated costs of disposing of the asset should be deducted. [5] The formula to calculate the residual value can be seen with the next example as follows:
An impairment cost must be included under expenses when the book value of an asset exceeds the recoverable amount. Fixed assets , commonly known as PPE (Property, Plant & Equipment), refers to long-lived assets such as buildings, land, machinery, and equipment; these assets are the most likely to experience impairment, which may be caused by ...
This is why it is not only essential for construction workers to use PPE, but it’s important that they use them properly. In construction sites, there are many chemical hazards that serve as potential threats to the workers. Personal protective equipment (PPE) is required by law to protect and minimize exposure to these hazards.
Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract.
Engineering controls are preferred over administrative controls and personal protective equipment (PPE) because they are designed to remove the hazard at the source, before it comes in contact with the worker. Well-designed engineering controls can be highly effective in protecting workers and will typically be independent of worker ...
The value of work done (VOWD) is a project management technique for measuring and estimating the project cost at a point in time. It is mainly used in project environments of the Petroleum industry and is defined as the value of goods and services progressed, regardless of whether or not they have been paid for or received.
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...