A contractor performs $45,000 of electrical work requiring a 15% retention. If the retention is released after final inspection, what amount was held during construction?
Correct Answer
D) $6,750
$45,000 × 0.15 = $6,750 held as retention during construction until final inspection approval.
Why This Is the Correct Answer
$45,000 × 0.15 = $6,750 held as retention during construction until final inspection approval.
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