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In estimated cost what is the value taken for contingencies?(a) 0.5%-2.5%(b) 3%-5%(c) 5%-6%(d) 0% |
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Answer» The correct answer is (b) 3%-5% Easy explanation: The dictionary meaning of contingencies is defined as- A future event or circumstance which is possible but cannot be predicted with certainty or a provision for a possible event or circumstance. In engineering is said to be as an incidental expense. |
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