Question
Download Solution PDFDue to change in price level, a revised estimate is prepared, if the sanctioned estimate exceeds:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFConcept:
The different type of estimates and their meaning is mentioned below in the tabulated form:
|
Type of Estimate |
Definition |
|
Preliminary Estimate |
It is an approximate estimate and prepared by the owner itself before the actual award of work to any agency. |
|
Cube Rate Estimate |
It is an approximate estimate and prepared by calculating the cubical content of a building by multiplying its length, breadth, and height. |
|
Detailed Estimate |
It is an accurate estimate prepared by working out quantities of each item of work. It is prepared in two stages: 1. Details of measurements and calculation of quantities and 2. Abstract of Estimate. |
|
Revised Estimate |
It is prepared when the original sanctioned estimate is likely to exceed more than 5% due to changes in the quantity of material or rates. |
|
Supplementary Estimate |
It is the freshly detailed estimate of the additional works in addition to the original estimate. It is required when further development is required during the progress of work. |
Last updated on Jun 4, 2025
-> OSSC JE Preliminary Fiinal Answer Key 2025 has been released. Applicants can raise objections in OSSC JE answer key till 06 June 2025.
-> OSSC JE prelim Exam 2025 was held on 18th May 2025.(Advt. No. 1233/OSSC ).
-> The OSSC JE 2024 Notification was released for 759 vacancies through OSSC CTSRE 2024.
-> The selection is based on the written test. This is an excellent opportunity for candidates who want to get a job in the Engineering sector in the state of Odisha.
-> Candidates must refer to the OSSC JE Previous Year Papers to understand the type of questions in the examination.