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What percentage of the cost of the estimate is provided for the tools and plants?
  • a)
    0.5
  • b)
    3.0
  • c)
    1.0
  • d)
    4.0
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
What percentage of the cost of the estimate is provided for the tools ...
Generally contractor has to arrange for tools and plants. So it is taken to be 1 to 1.5% of estimate cost.
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Most Upvoted Answer
What percentage of the cost of the estimate is provided for the tools ...
Tools and Plants in Cost Estimate

In a cost estimate, tools and plants refer to the equipment needed to complete the construction project. These include machinery, vehicles, tools, and other materials necessary for the project.

Percentage of Cost Estimate for Tools and Plants

The percentage of the cost estimate for tools and plants varies depending on the type of project. However, in general, the percentage allocated for tools and plants is around 1.0% of the total cost estimate.

Reason for the Percentage Allocation

The reason for allocating around 1.0% of the cost estimate for tools and plants is that these items are essential for the successful completion of the project. Without the necessary equipment, the project cannot be completed efficiently and effectively.

Conclusion

In conclusion, the percentage of the cost estimate for tools and plants is around 1.0%. This allocation is necessary to ensure that the construction project is completed successfully and within the allocated budget.
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