A progress payment is $186,000 with 5 percent retention. What retention is withheld?
Correct Answer
B) $9,300.
Retention is $186,000 x 5 percent = $9,300.
Why This Is the Correct Answer
Retention is $186,000 x 5 percent = $9,300.
Why the Other Options Are Wrong
Option A: $8,300.
$8,300. is below the supported result for retention cap; it likely omits part of the approved scope, cap, credit, or holdback.
Option C: $18,600.
$18,600. is above the supported result for retention cap; it likely adds scope or money the rule does not allow.
Option D: $93,000.
$93,000. is above the supported result for retention cap; it likely adds scope or money the rule does not allow.
Memory Technique
Checking Public contract math: approved scope is the ruler for retention cap.
Reference Hint
Study anchor (closed-book): memorize Retention cap from California Public Contract Code public works payment and retention. / California Public Contract Code Section 7201; know the rule or calculation trigger without relying on exam-room lookup.
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