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
