Civil Engineering MCQAE Level Civil Engineering
A 'revised estimate' in public works is prepared when the sanctioned amount is likely to be exceeded by more than:
Construction ManagementEstimate TypesMEDIUM
Choose the correct answer
A
2.5%
B
5%
C
10%
D
15%
Correct Answer
B. 5%
Why is this the answer?
As per general financial rules, a revised estimate must be prepared when the probable cost of the work exceeds the sanctioned amount by more than 5%. It must be submitted for fresh approval before expenditure exceeds sanction. A supplementary estimate is prepared for additional work not included in original scope.
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