The money which have to be deposited by the contractor while submitting a tender, which is approximately about 2% of the estimated cost, with the department as the guarantee of the tender is called as
1). Security money
2). Earnest money
3). Binder money
4). Front money
The thickness of slabs and the sectional dimensions of columns should be taken to the nearest
1). 0.100 m
2). 0.010 m
3). 0.020 m
4). 0.005 m
A document containing detailed description of all the items of work (but their quantities are not mentioned) together with their current rates is called _________
1). Tender
2). Schedule of rates
3). Analysis of rate
4). Abstract estimate
Which of the following is not a type of methods of preliminary estimate?
1). Time referenced cost estimate
2). Cost capacity factor
3). Installation cost ratio
4). Procurement cost factor
The material cost of a similar construction project that was completed four years ago was Rs. 30,00,00,000 and the material cost index was 500. Calculate the approximate material cost for the new project, if material cost index now is 600.
1). Rs. 20,00,00,000
2). Rs. 25,00,00,000
3). Rs. 36,00,00,000
4). Rs. 45,00,00,000