A GMP includes a $75,000 contractor contingency. Approved contingency uses total $28,500. What contingency balance remains?
Correct Answer
C) $46,500
Remaining contingency is $75,000 - $28,500 = $46,500. Other choices subtract an unsupported amount, leave the full contingency, or add used contingency to the original amount.
Why This Is the Correct Answer
Remaining contingency is $75,000 - $28,500 = $46,500. Other choices subtract an unsupported amount, leave the full contingency, or add used contingency to the original amount.
Why the Other Options Are Wrong
Option A: $32,500
gmp contingency balance, choice a: $32,500 backs into 0.43 when divided by $75,000; the accepted setup gives 0.62 on that same base.
Option B: $75,000
gmp contingency balance, choice c: $75,000 gives $75,000. That calculation copies a listed value without completing the operation.
Option D: $103,500
gmp contingency balance, choice d: the number $103,500 comes from $75,000 + $28,500.
Memory Technique
Say the GMP contingency balance rule aloud as a chain; the chain ends at $46,500, not an intermediate stop.
Reference Hint
Open Construction Project Management, 5th Ed. (2022); use the index entry or section for "GMP contingency tracking" to confirm that Remaining contingency is $75,000 - $28,500 = $46,500.
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