Engineers have an added responsibility and that is to include economics in their calculation and decisions to solve real life problem. The purpose of managerial economics is to provide a systematic framework for problem analysis and solution. The pluses and minuses of various decision alternatives must be carefully measured and weighed. Costs and benefits must be reliably measured; time differences must be accurately reflected. Five civil engineering projects were studied to check compliance with engineering law in the country and managerial economics strategy. Two capital projects were compared for adequate financial justification and compliance with the regulatory law. Analysis were done. It has been concluded that management is crucial to the success of engineering projects.
Engineers, Engineering law, Managerial Economics
