Question
Download Solution PDFFor a project, which of the following estimate is accorded sanction in a Technical sanction ?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFExplanation:
Detailed estimate:
- This is the estimate that receives technical sanction. It includes comprehensive calculations of quantities, rates, and costs for every item of work required for the project. This estimate ensures that all aspects of the project are accounted for and that the project can be executed within the sanctioned budget. The detailed estimate provides a thorough and accurate assessment of the total project cost, making it suitable for technical approval.
Other Options:
- Approximate estimate: Also known as a rough estimate, this is a preliminary assessment of the project cost based on limited information. It provides a general idea of the potential cost but lacks the detail needed for technical sanction.
- Preliminary estimate: This estimate is more detailed than the approximate estimate and is used during the early stages of project planning. It helps in determining the feasibility of the project and obtaining initial approval, but it is not sufficient for technical sanction.
- Abstract estimate: This is a summarized version of the detailed estimate, showing the total cost of different sections of the project without going into specific details. While useful for overview purposes, it does not provide the depth of information needed for technical sanction.
Last updated on Jul 1, 2025
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