A work package, scheduled for one year from today, will cost Pk Rs.114,000 at that time. It can be done now at a reduced cost. Using a 12% discount rate, the maximum cost you should authorize for doing the work now is:

Construction management involves planning, budgeting, coordinating, and supervising construction projects from start to finish.
 

The 6 main stages of a typical construction project are: pre-construction, sitework, rough framing, exterior construction, MEP (mechanical, electrical, and plumbing), and finishing.