You discover that a subcontractor has left the site without completing punch list items worth $3,200. The subcontractor's contract has a 10% retention held. The total subcontract value was $45,000. What options do you have?
Correct Answer
D) Can use retention funds to complete the work
Retention funds ($4,500) can be used to complete punch list items ($3,200) when a subcontractor fails to complete their obligations.
Why This Is the Correct Answer
Retention funds ($4,500) can be used to complete punch list items ($3,200) when a subcontractor fails to complete their obligations.
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