CE #30

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Maria Luiza Ribeiro

March 26, 2023 22:58

Hi, 

Im confused.. why do we need to add the "materials presently stored" if they are not referred to items that are over 90% concluded? 

 

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  Brendan Clifford March 28, 2023 23:46

  The work completed this period and the materials presently stored are part of the current payment due to the contractor. The contract states that if there are any items that are 90% or more complete then those would be included as well. If the materials presently stored were not approved prior to the pay request then they should not be included on the application.

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  Roman Buha May 28, 2023 17:11

  I don't understand this answer too.

  The question states:

  "The owner-contractor agreement stipulates that the full sum of retainage for each description of work may be released and paid to the contractor if the percentage complete for that descriptionis equal to or greater than 90%."

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  So, we should be paying full sum of retainage for a specific description.
  The only one description that is 90% complete is Sitework.

  Therefore the answer should be $11348 (rounded to nearest dollar).

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