Discussion
A hospital is to be constructed for a total number of 100 beds and the financial requirement for each bed is ₹1,00,000. But there is no drawing available at the beginning. Which financial estimate method is applicable to the construction of the proposed hospital?
Answer: B
A preliminary (approximate) estimate is the one made at the beginning, when no drawings are available, by a rate per unit of function. Here the unit is a bed, which costs Rs 1,00,000, so the 100-bed hospital is estimated at Rs 1 crore. A detailed estimate needs the drawings and specifications, a revised estimate is prepared when the sanctioned estimate is exceeded, and the term ballpark estimate is an informal rough guess, not the formal financial estimate method used in works.
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development