Category: Estimating and Costing

Pick up the correct statement from the following?

A. The estimated value of the work excluding the amount for contingencies, work charged establishment, tool and plants, is called work value
B. The actual expenditure involved to complete a work including incidental, establishment and travelling charges, is called actual cost
C. The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval
D. All the above

Pick up the correct statement from the following?

A. In order to check up the average depth of excavation, ‘Dead man s’ are left at the mid-widths of borrow pits
B. The earthwork calculation in excavation is made from the difference in levels obtained with a level
C. The earth work in excavation to form the road embankment includes the formation of correct profile and depositing the soil in layers
D. All the above