The person who gives the work on contract is known as ……

Related MCQs

• In a contract costing payment of cash to the contract is made on the basis of …………………………. Work
• ……………. In a contract , provides that the contract price would be suitably enhanced on the happening of a specified contingency
• When the competition stage of a contract is less than ¼ , the total expenditure on the contract is transferred to ………… account
• A contract in which the price is fixed in advance is a ………….. contract
• When the completion stage of a contract is less than ¼ of the total expenditure on the contract is transferred to
• 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 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……………….