Computer · Estimation and Costing
A revised estimate is NOT prepared under which of the following circumstances?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1When the original sanctioned estimate is exceeded or is likely to exceed by more than 5% due to rates being found insufficient.
- 2When there are material deviations from the original proposal, even though the cost may be met from the sanctioned amount.
- 3When it is found that the sanctioned estimate is more than the actual requirement.
- 4When the expenditure of a work exceeds or is likely to exceed the amount of administrative sanction by more than 20%.✓
Correct answer
When the expenditure of a work exceeds or is likely to exceed the amount of administrative sanction by more than 20%.
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