Multiple choice

Directions: Choose the correct option for the given question:It is imperative to make an estimate regarding increase in costs on account of possibility of delay in implementing a project.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Project delays are common and often lead to cost overruns due to inflation, interest during construction, and resource price increases. Estimating these contingencies is essential for realistic budgeting.

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