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Generally how much amount is provided in estimate as work charged establishment?
1. 1-2%
2. \(1-1\dfrac{1}{2}\%\)
3. \(2-2\dfrac{1}{2}\%\)
4. 2-4%

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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%

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