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.
No, it wasnât Thomas Edison. Light bulbs were in use long before Edison applied for the patent in 1879. British inventor Humphry Davy invented an incandescent light bulb in 1801 and created the âarc lampâ in 1809. In 1835, Scottish inventor James Bowman Lindsay demonstrated a constant electric light in Dundee.n the late 1870s, Hiram Stevens Maxim â who later, in 1884, invented the first fully automatic machine gun â developed a light bulb and in 1880 installed the first electric lights in a New York City building (the Equitable Life Building at 120 Broadway).