1. On the last day of each month, the construction company may bill the owner for the work completed during the month. 2. The owner pays the monthly bills one month after they are received. 3. The owner also holds 5% retention. 4. Final payment is expected one month after completion of the project and includes payment of the retention. 5. The construction company pays material suppliers in full when it receives from the owner. 6. The construction company pays subcontractors when it receives payment from the owner but withholds 5% retention from the subcontractor's payment. 7. The construction company pays for labor weekly. The projected monthly material, labor, and subcontractor costs, as well as the amount the construction company will build the project's owner each month,

Table 12-09
	Costs
Month	Materials ($)	Labor ($)	Sub. ($)	Bill to Owner ($)
1	8,800	8,100	13,100	33,000
2	14,200	11,900	31,400	63,200
3	21,000	19,800	31,700	79,800
4	6,800	7,600	28,100	46,800
5	5,100	7,000	17,900	33,000
6	4,100	4,100	9,300	19,200
Total	60,000	58,500	131,500	275,000