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?
DSSSB JE - 2023,
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.
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