Difficulty: Easy
Correct Answer: 5.0%
Explanation:
Introduction / Context:
Cost control in public works relies on thresholds that trigger a revised estimate. When prices escalate, the sanctioned cost may exceed the technically sanctioned (TS) estimate, requiring administrative review and re-approval to maintain financial discipline.
Given Data / Assumptions:
Concept / Approach:
Departments typically set a clear percentage (commonly 5%) beyond which a revised estimate becomes mandatory to reflect current schedule of rates and secure proper sanction for the increased outlay.
Step-by-Step Solution:
Verification / Alternative check:
Many exam standards and departmental guides cite 5% as the limit before revising the estimate because of rate revisions.
Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:
5.0%.
Discussion & Comments