Due to change in price level, a revised estimate is prepared if the sanctioned estimate exceeds
A)2.0 %
B)2.5 %
C)4.0 %
D)5.0 %

Name: Due to change in price level, a revised estimate is prepared if the sanctioned estimate exceeds A)2.0 % B)2.5 % C)4.0 % D)5.0 %
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Question

Quizplus · Accepted Answer

A revised estimate is typically prepared if the sanctioned estimate exceeds 5.0% due to a change in the price level. This threshold is set to manage budget and control costs effectively in projects.

Due to Change in Price Level, a Revised Estimate Is