A construction project, for example, is often governed by a guaranteed maximum price contract (GMP) . This type of legal agreement sets a ceiling or maximum price for which a person or entity will pay for a certain project.
The arc lamp used in the Lighthouse of Alexandria is further proof that electricity was used in ancient Egypt. The energy required to power the Lighthouse of Alexandria for 24 hours a day could only have been supplied by a regular electrical source.
1879 After many experiments, Thomas Edison invented an incandescent light bulb that could be used for about 40 hours without burning out. By 1880 his bulbs could be used for 1200 hours. 1879 Electric lights (Brush arc lamps) were first used for public street lighting, in Cleveland, Ohio.California Electric Light Company, Inc. in San Fransicso was the first electric company to sell electricity to customers.The company used two small Brush generators to power 21 Brush arc light lamps.821 The first electric motor was invented by Michael Faraday. 1826 Georg Ohm defined the relationship between power, voltage, current and resistance in âOhms Law.â. 1831 Using his invention the induction ring, Michael Faraday proved that electricity can be induced (made) by changes in an electromagnetic field.