……….. is the portion of work certified not paid by the contractee till completion of the work

Related MCQs

• The portion of value of work that has been done by the contractor and architect or supervisor of the contractee certified that work is ………..
• A portion of work certified retained by contractee is known
• The cost of work that has been done by the contractor on the closing date of account, but has not reach stipulated stages to qualify certification of architect of contractee
• Value of work done to the satisfaction of contractee
• In which type of contract, the contractee agrees to pay the cost of work done plus a percentage of overhead and profit
• If the value of work certified less than 25% of contract price,profit to be credited to P&L is
• If the value of work certified equal to or more than 90% of contract price, profit to be credited is……………….
• Work in the process of completion
• The work in the process of completion is known as …………….
• When the completion stage of the contract is more than half, the profit to be credited to P/L a/c will be equal to ………………..