Correct option is A
A project construction cost estimate includes all components related to the total cost of executing a construction project. This ensures accurate financial planning and budgeting. The components are:
1. Labour and Material Cost:
Cost of hiring workers and purchasing construction materials like cement, steel, bricks, etc.
2. Equipment and Overhead Cost:
Costs for construction equipment (e.g., excavators, cranes) and overhead expenses such as site offices, utilities, and administrative costs.
3. Profit of the Contractor:
A margin added by the contractor to ensure profitability for managing and executing the project.
