The majority of an entity's obligations for removal and restorations costs are incurred during which phase of a project?
A) exploration phase
B) technical feasibility phase
C) development phase
D) evaluation phase

Question

Quizplus · Accepted Answer

The majority of removal and restoration costs are incurred during the development phase of a project, when the site is being prepared for construction activities. This includes activities such as removing existing structures, excavating soil, and addressing any environmental remediation needs. The exploration and technical feasibility phases are focused on determining the viability of a project, while the evaluation phase is focused on reviewing the project to ensure it meets objectives and requirements.

The Majority of an Entity's Obligations for Removal and Restorations