The bathroom addition progress billing file starts with a $34,600 signed contract and a $3,900 written change order. At 40 percent complete with $4,750 already paid, what additional payment brings billing to the current work value?
Correct Answer
A) $10,650.
The adjusted contract is $38,500. Forty percent complete is $15,400. After the $4,750 already paid, the additional amount is $10,650.
Why This Is the Correct Answer
The adjusted contract is $38,500. Forty percent complete is $15,400. After the $4,750 already paid, the additional amount is $10,650.
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