Pick up the correct statement from the following:

Question

Options:

A . The estimated value of the work excluding the amount for contingencies, work charged establishment, tool and plants, is called work value

B . The actual expenditure involved to complete a work including incidental, establishment and travelling charges, is called actual cost

C . The formal acceptance by the administrative department for incurring an expenditure on the work, is called administrative approval

D . All the above

Answer: Option D

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