Correct Answer - Option 3 :
\(2-2\dfrac{1}{2}\%\)
Concept:
For making any estimate workable, additional expenses are to be added.
The followings are the additional expenses that are to be considered during estimates:
- Extra Expenses (contingencies) – 3 to 5%
- Contract work establishments – 1.5 to 2% (sometimes 2.5%)
- Tools and Machinery – 1 to 1.5%
- Contractor’s profit – 10%
- Departmental Profit – 10 to 15%
