A permit allowance is 0.85% of a $3,250,000 construction value. What allowance should be included?
Correct Answer
D) $27,625
Multiply construction value by rate.
Why This Is the Correct Answer
Multiply construction value by rate.
Why the Other Options Are Wrong
Option A: $24,375
$24,375 is below the supported result for permit allowance; it likely omits part of the approved scope, cap, credit, or holdback.
Option B: $29,250
$29,250 is above the supported result for permit allowance; it likely adds scope or money the rule does not allow.
Option C: $32,500
$32,500 is above the supported result for permit allowance; it likely adds scope or money the rule does not allow.
Memory Technique
Permit Allowance gate for Gmp Worksheet: paper opens before money moves.
Reference Hint
Open-book path: tab Principles and Practices of Commercial Construction, 11th Edition, 2024 to General conditions estimating; permit allowance; verify quantity math, FL permit status, notice step, or field-control timing.
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