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What percentage of the estimated cost, is considered as contingencies?
  • a)
    20% to 25%
  • b)
    10% to 15%
  • c)
    3% to 5%
  • d)
    1% to 2%
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What percentage of the estimated cost, is considered as contingencies?...
Contingencies- these are incidental expenses of miscellaneous nature which cannot be classified under any distinct item sub-head in the preparation of estimate. Certain amount of 3% to 5% of estimated cost is added to the total estimate to account for contingencies.
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What percentage of the estimated cost, is considered as contingencies?a)20% to 25%b)10% to 15%c)3% to 5%d)1% to 2%Correct answer is option 'C'. Can you explain this answer?
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