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5-01F -Con... Content Grades Assessments Communication Resources Folio Help Online Room Exam #2-Quiz Left: 2:38:35 Grant Pagan: Attempt 1 Previous Page Next Page Page 16 of 30 Note: It is recommended that you save your response as you comp lete each question. Question 16 (3.33 points) Why is it a problem to apply the 10+10 rule to construction cost estimate? O A) It is a guess. O B) The driving force behind the mark up process is to obtain work rather than generate profit form the work 0 C) It does not predict the company's true cost recovery needs. 0 D) All the above Save Previous Page Next Page Page 16 of 30 Save All Responses Go to Submit Quiz 3 2a

Explanation / Answer

Option a. It is a guess
This 10 + 10 mark up rule is just a guess work without any validity of concept but people started believing that a 10% overhead and 10% profit is the industry standard for construction job.

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