A revised estimate is generally prepared when
- AThe project scope increases
- BThere is a change in design
- CThe actual work differs from the original estimate
- DAll of the aboveCorrect
Solution
Concept
When a revised estimate is prepared
Step-by-step solution
1. A revised estimate is prepared when the original estimate is exceeded, due to changes in scope, design or the actual work. 2. All the given situations are valid.
Explanation
A revised estimate replaces the sanctioned estimate when the cost of the work is likely to exceed it by more than the permitted margin, for reasons such as a change in design or scope, or actual quantities that differ from the estimated ones.
Shortcut
Revised estimate = scope, design or actual work changes.
Common mistake
Choosing one reason only.
Correct answer: D) All of the above