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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 actual cost.
- b)The actual expenditure involved to complete a work including incidental, establishment and travelling charges, is called work value.
- c)The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval.
- d)All of the above
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
Pick up the correct statement from the following:a)The estimated value...
There are four main stages in the project for a work, namely,
1. Administrative approval
2. Expenditure sanction
3. Technical sanction
4. Appropriation or re-appropriation of funds
For every work (excluding repairs) initiated by, or connected with, the requirements of another department, it is first necessary to obtain the concurrence of the department concerned to the proposals. The formal acceptance by the department concern is termed “administrative approval” of the work. Expenditure sanction means the concurrence of the Government to the expenditure proposed in cases where this is necessary. Appropriation or re-appropriation represents the allotment of a particular sum of money to meet expenditure on a specified object.
The estimated value of the work excluding the amount for contingencies, work charged establishment, tool and plants, is called Work value. The actual expenditure involved to complete a work including incidental, establishment and travelling charges, is called actual cost.
Most Upvoted Answer
Pick up the correct statement from the following:a)The estimated value...
Explanation:
The given options are related to the cost and approval process of a work in civil engineering. Let's discuss each option one by one to find out the correct statement.
a) The estimated value of the work excluding the amount for contingencies, work charged establishment, tool and plants, is called actual cost.
This statement is incorrect because actual cost refers to the total expenditure incurred during the completion of a work, including all the incidental charges, contingencies, and establishment charges.
b) The actual expenditure involved to complete a work including incidental, establishment and travelling charges, is called work value.
This statement is also incorrect because work value refers to the actual value of the work done, which is calculated based on the market rates of the materials and labor involved in the work.
c) The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval.
This statement is the correct answer because administrative approval is the formal process of obtaining permission from the concerned administrative department for initiating a work and incurring an expenditure on it. It is necessary to obtain administrative approval before starting any work.
d) All of the above.
This option is incorrect because only option (c) is the correct statement.
Therefore, the correct statement is option (c) - The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval.
The given options are related to the cost and approval process of a work in civil engineering. Let's discuss each option one by one to find out the correct statement.
a) The estimated value of the work excluding the amount for contingencies, work charged establishment, tool and plants, is called actual cost.
This statement is incorrect because actual cost refers to the total expenditure incurred during the completion of a work, including all the incidental charges, contingencies, and establishment charges.
b) The actual expenditure involved to complete a work including incidental, establishment and travelling charges, is called work value.
This statement is also incorrect because work value refers to the actual value of the work done, which is calculated based on the market rates of the materials and labor involved in the work.
c) The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval.
This statement is the correct answer because administrative approval is the formal process of obtaining permission from the concerned administrative department for initiating a work and incurring an expenditure on it. It is necessary to obtain administrative approval before starting any work.
d) All of the above.
This option is incorrect because only option (c) is the correct statement.
Therefore, the correct statement is option (c) - The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval.
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Community Answer
Pick up the correct statement from the following:a)The estimated value...
Correct answer is option D, all of the above. the explanation also points to option D. please correct it
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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 actual cost.b)The actual expenditure involved to complete a work including incidental, establishment and travelling charges, is called work value.c)The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval.d)All of the aboveCorrect answer is option 'C'. Can you explain this answer?
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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 actual cost.b)The actual expenditure involved to complete a work including incidental, establishment and travelling charges, is called work value.c)The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval.d)All of the aboveCorrect answer is option 'C'. Can you explain this answer? for Civil Engineering (CE) 2024 is part of Civil Engineering (CE) preparation. The Question and answers have been prepared according to the Civil Engineering (CE) exam syllabus. Information about 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 actual cost.b)The actual expenditure involved to complete a work including incidental, establishment and travelling charges, is called work value.c)The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval.d)All of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Civil Engineering (CE) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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 actual cost.b)The actual expenditure involved to complete a work including incidental, establishment and travelling charges, is called work value.c)The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval.d)All of the aboveCorrect answer is option 'C'. Can you explain this answer?.
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 actual cost.b)The actual expenditure involved to complete a work including incidental, establishment and travelling charges, is called work value.c)The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval.d)All of the aboveCorrect answer is option 'C'. Can you explain this answer? for Civil Engineering (CE) 2024 is part of Civil Engineering (CE) preparation. The Question and answers have been prepared according to the Civil Engineering (CE) exam syllabus. Information about 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 actual cost.b)The actual expenditure involved to complete a work including incidental, establishment and travelling charges, is called work value.c)The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval.d)All of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Civil Engineering (CE) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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 actual cost.b)The actual expenditure involved to complete a work including incidental, establishment and travelling charges, is called work value.c)The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval.d)All of the aboveCorrect answer is option 'C'. Can you explain this answer?.
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ample number of questions to practice 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 actual cost.b)The actual expenditure involved to complete a work including incidental, establishment and travelling charges, is called work value.c)The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval.d)All of the aboveCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Civil Engineering (CE) tests.
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