Computer · Estimation, Costing and Valuation
Identify the correct statement from the following.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Drawings and specifications are not necessary in a contract document.
- 2Security money has to be deposited by all intending tenderers.
- 3A contract agreement is made after the acceptance of the tender.✓
- 4Administrative approval is accorded on the detailed estimate of the project.
Correct answer
A contract agreement is made after the acceptance of the tender.
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