Discussion :: Estimating and Costing
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Pick up the correct statement from the following:
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A.
The estimated value of the work excluding the amount for contigencies, work charged establishment, tool and plants, is called work value |
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B.
The actual expenditure involved to complete a work including incidental, establishment and travelling charges, is called actual cost |
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C.
The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval |
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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 |
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E.
All the above. |
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Answer : Option E
Explanation :
No answer description available for this question.
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