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A contractor fails to pay subcontractors $45,000 on a project with a total contract value of $180,000. What percentage of the total contract value does the unpaid amount represent?

Correct Answer

A) 25%

Percentage = ($45,000 ÷ $180,000) × 100 = 25%. This calculation is important for understanding lien exposure and financial management.

Answer Options
A
25%
B
20%
C
30%
D
35%

Why This Is the Correct Answer

Percentage = ($45,000 ÷ $180,000) × 100 = 25%. This calculation is important for understanding lien exposure and financial management.

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