General Studies · Cost Estimation
What does the term 'overhead charges' refer to in project estimation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The direct cost of raw materials consumed in the project
- 2The general administrative and operational expenses required to run the project✓
- 3The direct cost of hiring specialized subcontractors
- 4The net profit margin expected by the contractor
Correct answer
The general administrative and operational expenses required to run the project
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