Computer · Estimating and Costing
In construction contracts and estimation, 'Prime Cost' refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The net actual cost of specialized articles or materials at a shop/supplier✓
- 2The total actual cost of executing the entire labor contract on-site
- 3The annual interest accrued on non-perishable articles
- 4The fixed percentage profit allocated for the total actual work done
Correct answer
The net actual cost of specialized articles or materials at a shop/supplier
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