Value of work done to the satisfaction of contractee

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 ………..
• In which type of contract, the contractee agrees to pay the cost of work done plus a percentage of overhead and profit
• 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
• ……….. is the portion of work certified not paid by the contractee till completion of the work
• A portion of work certified retained by contractee is known
• Contract price is the cost of work done plus a percentage
• A contract in which the contractor is given the lost of work done plus a certain percentage for profit is called …………………….
• In marginal costing valuation of stock of work in progress is done on the basis of
• 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……………….