Computer · Estimation and Costing
A revised estimate is prepared in central/state public works departments primarily when:
- 1there is a minor material deviation of structured nature
- 2the sanctioned estimate is likely to exceed by more than 5% with important structural alterations
- 3the expenditure of the work exceeds 20% of the administrative approval
- 4the sanctioned estimate is likely to exceed by more than 5% or expenditure exceeds sanctioned funds by 10%, due to increase in rates or cost of materials without structural alteration✓
Correct answer
the sanctioned estimate is likely to exceed by more than 5% or expenditure exceeds sanctioned funds by 10%, due to increase in rates or cost of materials without structural alteration
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