Computer · Estimation and Costing
It is observed that in a road construction project the original sanctioned estimate is likely to be exceeded by more than 10% (or total expenditure exceeds sanctioned estimate by more than 5%) due to an increase in the cost of raw materials. The detailed estimate to be prepared for this situation is known as a/an ____ .
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1abstract estimate
- 2approximate estimate
- 3supplementary estimate
- 4revised estimate✓
Correct answer
revised estimate
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