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Estimating and Costing

Q1:

Due to change in price level, a revised estimate is prepared if the sanctioned estimate exceeds

A 2.0%

B 2.5%

C 4.0%

D 5.0%

ANS:D - 5.0%

When sanctioned estimate is likely to exceed by more than 5% either from the rates being found insufficient or from any cause whatsoever except important structural alterations.



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