Estimating and Costing

Pick up the correct statement from the following:

  • A. The estimated value of the work excluding the amount for contingencies, 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. All the above
Answer: Option D.
Explanation: 

No answer description available for this question.

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