Question

Which of the following is included in the cost of constructing a building?
a.insurance costs during construction
b.cost of paving the parking lot
c.cost of removing the demolished building existing on the land when it was purchased
d.cost of repairing vandalism damage during construction

Answer 1

Answer:

The correct answer is (A)

Explanation:

Construction business is one of the difficult and risky businesses to do. There are many costs involved while constructing a building.  Insurance cost during construction is important to take care of third party injuries, and it also provides financial coverage regarding property damage. In a construction business, a company is only allowed to start construction after they cover their insurance cost.