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Estimating and Costing

Q1: Pick up the correct statement from the following:

A The estimated value of the work excluding the amount for contigencies, work charged establishment, tool and plants, is called work value

B The actual expenditure involved to complete a work including incidental, establishment and travelling charges, is called actual cost

C The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval

D The order of a competent authority sanctioning a properly detailed estimate of the cost of a work of construction or repair is called technical sanction

E All the above.

ANS:E - All the above.

No answer description is available.



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