Which of the following relations are correct for determining different – McqOptions

MCQOPTIONS

1.	Which of the following relations are correct for determining different components of a bid price?1. Bid price = Direct cost + Indirect cost + Mark up amount2. Direct cost = Project overheads + Common plant and equipment cost + Common work men cost3. Mark up amount = Profit + Contingency + Allowances for risks + General overheads
A.	1, 2 and 3
B.	1 and 2 only
C.	1 and 3 only
D.	2 and 3 only
Answer» D. 2 and 3 only

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