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1) "Utility" -- As to utility contractors 1util·i·ty
Pronunciation: yü-'ti-l&-tE
Function: noun
Inflected Form(s): plural -ties
Etymology: Middle English utilite, from Anglo-French utilité, from Latin utilitat, utilitas, from utilis useful, from uti to use
1 : fitness for some purpose or worth to some end
2 : something useful or designed for use
3 a : PUBLIC UTILITY b (1) : a service (as light, power, or water) provided by a public utility (2) : equipment or a piece of equipment to provide such service or a comparable service
4 : a program or routine designed to perform or facilitate especially routine operations (as copying files or editing text) on a computer Pronunciation Symbols
In economics, utility is a measure of the relative happiness or satisfaction (gratification) gained by consuming different bundles of goods and services. Given this measure, one may speak meaningfully of increasing or decreasing utility, and thereby explain economic behavior in terms of attempts to increase one's utility. The theoretical unit of measurement for utility is the util. The doctrine of utilitarianism saw the maximization of utility as a moral criterion for the organization of society. According to utilitarians, such as Jeremy Bentham (1748-1832) and John Stuart Mill (1806-1876), society should aim to maximize the total utility of individuals, aiming for "the greatest happiness for the greatest number". In neoclassical economics, rationality is precisely defined in terms of imputed utility-maximizing behavior under economic constraints. As a hypothetical behavioral measure, utility does not require attribution of mental states suggested by "happiness", "satisfaction", etc. Utility is applied by economists in such constructs as the indifference curve, which plots the combination of commodities that an individual or a society requires to maintain a given level of satisfaction. Individual utility and social utility can be construed as the dependent variable of a utility function (such as an indifference curve map) and a social welfare function respectively. When coupled with production or commodity constraints, these functions can represent Pareto efficiency, such as illustrated by Edgeworth boxes and contract curves. Such efficiency is a central concept of welfare economics. - 1 Cardinal and ordinal utility
- 2 Utility functions
- 3 Expected utility
- 4 Discussion and criticism
- 5 See also
- 6 References and additional reading
| Economists distinguish between cardinal utility and ordinal utility. When cardinal utility is used, the magnitude of utility differenc..."
2) "Contractors" -- As to utility contractors con·trac·tor
Pronunciation: 1 usu 'kän-"trak-t&r, 2 usu k&n-'
Function: noun
1 : one that contracts or is party to a contract : as a : one that contracts to perform work or provide supplies b : one that contracts to erect buildings
2 : something (as a muscle) that contracts or shortens Pronunciation Symbols
A general contractor is an organization or individual that contracts with another organization or individual (the owner) for the construction of a building, road or other facility. A general contractor is defined as such if it is the signatory as the builder of the prime construction contract for the project. A general contractor is responsible for the means and methods to be used in the construction of the project in accordance with the contract documents. Said contract documents usually include the contract agreement including budget, the general and special conditions and the plans and specification of the project that are prepared by a design professional. A general contractor usually is responsible for the supplying of all material, labor equipment (engineering vehicles and tools) and services necessary for the construction of the project. To do this it is common for the general contractor to subcontract part of the work to other persons and companies that specialize in these types of work. These are called subcontractors. General contractors conducting work for government agencies are typically referred to as prime contractors. The responsibilities of a prime contractors working under a contract are essentially identical to those outlined above. In many cases, prime contractors will delegate portions of the contract work to subcontractors. - 1 As a service
- 2 General Conditions
- 3 As an owner
- 4 General contractor example
| The to the business and private sectors. Usually, when an entity wishes to have a building constructed, they are first put in touch with a general contractor. In many cases, the entity commissioning the construction never deals directly with the subcontractors. Occasionally the entity commissioning the construction of the building chooses to act as the general contractor. In such cases, they work directly with the subcontractors and take care of the administration and organization of the various subcontractors.
Further Data On Term for utility contractors
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Regularly Occuring Typos with utility contractors include: tuility uitlity utliity utiilty utiltiy utiliyt tility uility utlity utiity utilty utiliy utilit ytility jtility itility atility etility otility urility ufility ugility uyility utulity utklity utolity utality utelity utulity utikity utioity utipity utiluty utilkty utiloty utilaty utilety utiluty utiliry utilify utiligy utiliyy utilitt utilith utilitu ocntractors cnotractors cotnractors conrtactors contarctors contrcators contratcors contracotrs contractros contractosr ontractors cntractors cotractors conractors contactors contrctors contrators contracors contractrs contractos contractor xontractors dontractors fontractors vontractors kontractors cintractors ckntractors clntractors cpntractors cantractors centractors cuntractors cobtractors cohtractors cojtractors comtractors conrractors confractors congractors conyractors conteactors contdactors contfactors conttactors contrqctors contrsctors contrzctors contrectors contrictors controctors contructors contraxtors contradtors contraftors contravtors contraktors contracrors contracfors contracgors contracyors contractirs contractkrs contractlrs contractprs contractars contracters contracturs contractoes contractods contractofs contractots contractora contractorw contractord contractorx contractorz
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