Retainage - Study guides, Class notes & Summaries

A lump sum contract on a project has a total contract price of $160,000. Retainage has been held back at 10%. The contractor has received progress payments for 75% of the project. The contractor submits a request for final payment for the new completed project. The final payment amount should be for... CORRECT ANSWER More than $50,000 What is the total value of current assets for an accrual basis company that has the following? Checking account cash balance is $4,800; materials inventory for ...

A lump sum contract on a project has a total contract price of $160,000. Retainage has been held back at 10%. The contractor has received progress payments for 75% of the project. The contractor submits a request for final payment for the new completed project. The final payment amount should be for... - ANSWER-More than $50,000 What is the total value of current assets for an accrual basis company that has the following? Checking account cash balance is $4,800; materials inventory for work-i...

A lump sum contract on a project has a total contract price of $160,000. Retainage has been held back at 10%. The contractor has received progress payments for 75% of the project. The contractor submits a request for final payment for the new completed project. The final payment amount should be for... - More than $50,000 What is the total value of current assets for an accrual basis company that has the following? Checking account cash balance is $4,800; materials inventory for work-in-pro...

VA Contractors: VA Advanced (Class A) Exam Questions and Answers A lump sum contract on a project has a total contract price of $160,000. Retainage has been held back at 10%. The contractor has received progress payments for 75% of the project. The contractor submits a request for final payment for the new completed project. The final payment amount should be for... - ANS ️️ More than $50,000 What is the total value of current assets for an accrual basis company that has the followin...

FOB freight prepaid requires _____ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor correct answer: C. Seller 13-11 _____ is NOT a member of the supervisory team. A. A Foreman B. A Material expediter C. The Owner's representative D. A Project manager correct answer: D. A Project Manager 8-7 With _____ scheduling, you can link project tasks to specific dates such as delivery dates, payment schedule and employee vacations and holidays. A....

NASCLA Business, Law, and Project Management 13th Edition - Test 1 Already Passed FOB freight prepaid requires _____ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor C. Seller 13-11 _____ is NOT a member of the supervisory team. A. A Foreman B. A Material expediter C. The Owner's representative D. A Project manager D. A Project Manager 8-7 With _____ scheduling, you can link project tasks to specific dates such as delivery dates, ...

NASCLA Business, Law, and Project Management 13th Edition - Test 1 Exam Questions with Correct Answers FOB freight prepaid requires _____ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor - answerC. Seller 13-11 _____ is NOT a member of the supervisory team. A. A Foreman B. A Material expediter C. The Owner's representative D. A Project manager - answerD. A Project Manager 8-7 With _____ scheduling, you can link project tasks to specific dates such as delivery dates...

NASCLA Business, Law, and Project Management 13th Edition - Test 1 Exam Questions with Correct Answers FOB freight prepaid requires _____ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor - answerC. Seller 13-11 _____ is NOT a member of the supervisory team. A. A Foreman B. A Material expediter C. The Owner's representative D. A Project manager - answerD. A Project Manager 8-7 With _____ scheduling, you can link project tasks to specific dates such as...

AIC Exam Final Questions & Answers 2024/2025 5 days - ANSWERSA project schedule has been updated. The activity placement of spread footing concrete was originally scheduled to begin as early as day 10. The activity duration is 4 days. The actual start day was day 12. The original schedule had calculated total float of 7 days for this activity. The recalculated total float for the activity, when updated, would be a. 2 days b. 5 days c. 6 days d. 9 days Complete project per contract - A...

CEE 4100 Test 2 Questions And Answers Cash flow projection - ANS-projection of income and expenses during project life, based on time scheduling Progress Payments - ANS-flow of money from owner to contractor Contractor prepares monthly progress claim (bill), Owner evaluates and pays & keeps retainage from each (until billings = 50% of total) Lump Sum - ANS-percentage of total contract completion Unit Price - ANS-actual field measurements of work completed Expenditure Schedule - ANS-Pro...