Pick up the correct statement from the following:

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

Answer Explain

Leave a Reply

Your email address will not be published. Required fields are marked *