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

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 …………….. contract the contractor will get cost plus stipulated profit
• In which type of contract, the contractee agrees to pay the cost of work done plus a percentage of overhead and profit
• ……….. is the portion of work certified not paid by the contractee till completion of the work
• Value of work done to the satisfaction of contractee
• A portion of work certified retained by contractee is known
• A contract in which the contractor is given the lost of work done plus a certain percentage for profit is called …………………….
• In cost-plus contract, the contractor will get costplus
• In contract costing payment of cash to the contractor is made on the basis of
• Contract price is the cost of work done plus a percentage