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Architecture and Planning Miscellaneous-topic

Architecture and Planning Miscellaneous

  1. Fee of contractor for a project has the following provisions
    Basic fee = 15% of actual cost of work incurred
    Bonus = 20% of savings from estimated cost of work
    Penalty = 20% of cost overrum
    If the estimated cost of the project is Rs. 60,000, and the actual cost is Rs. 70,000, then the total fee of contractor in Rupees is ___________
    1. 8500 to 8500
    2. 5500
    3. 3500 to 4500
    4. 6500
Correct Option: A




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