Electrical Engineering · Estimating and Costing
In project cost estimation, what do 'contingencies' typically include?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Procuring specific tools and plants required for the site installation
- 2Charges for lighting, heating, and depreciation of office furniture
- 3General office expenses, administrative costs, and office rent
- 4Unexpected expenditure due to an increase in the cost rate of material or unforeseen losses✓
Correct answer
Unexpected expenditure due to an increase in the cost rate of material or unforeseen losses
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