Question
Download Solution PDFThe construction works costing above rupees one lac are classified as
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFExplanation:
Classification of work based on its cost:
- A petty work is one the cost of which does not exceed Rs. 20,000
- A minor work is one the cost of which exceeds Rs. 20,000 but does not exceed Rs. 1,00,000
- A major work is one the cost of which exceeds Rs. 1,00,000.
Last updated on Jul 1, 2025
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