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Q: A revised estimate should be accompanied by __________.
  • A. an abstract of bill
  • B. a technical sanction
  • C. a comparative statement
  • D. an administrative sanction
Correct Answer: Option C - It is always possible that in spite of all precautions in the planning stages, it becomes clear during execution that the actual cost of a project will exceed the original estimate. • The revised estimate should be accompanied by a comparative statement showing the original and revised rates and quantities, along with variation and the supplementary estimate. • When the expenditure of works exceeds by more than 10% of administrative approval.
C. It is always possible that in spite of all precautions in the planning stages, it becomes clear during execution that the actual cost of a project will exceed the original estimate. • The revised estimate should be accompanied by a comparative statement showing the original and revised rates and quantities, along with variation and the supplementary estimate. • When the expenditure of works exceeds by more than 10% of administrative approval.

Explanations:

It is always possible that in spite of all precautions in the planning stages, it becomes clear during execution that the actual cost of a project will exceed the original estimate. • The revised estimate should be accompanied by a comparative statement showing the original and revised rates and quantities, along with variation and the supplementary estimate. • When the expenditure of works exceeds by more than 10% of administrative approval.