Estimating and Costing - Engineering

Q1:

Pick up the correct statement from the following:

A The incidental expenses of a miscellaneous character which could not be predicted during preparation of the estimate, is called contingencies

B Additional supervising staff engaged at work site, is called work charged establishment

C Detailed specifications specify qualities, quantities and the proportions of materials to be used for a particular item

D The cost per unit at which the article can be procured, from the open market at a given time, is called 'market rate'

E All the above.

ANS:E - All the above.

No answer description is available.