Physics · Estimating and Costing
What does the term 'overhead charges' refer to in the context of estimating and costing?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The cost of materials used in the project
- 2The general administrative and operational expenses required to complete the project✓
- 3The cost of subcontractors
- 4The profit margin of the contractor
Correct answer
The general administrative and operational expenses required to complete the project
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