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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  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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