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A construction company is negotiating a construction project with a four month duration. On the last day of each month, the construction company will bill
A construction company is negotiating a construction project with a four month duration. On the last day of each month, the construction company will bill the owner for the work completed during the month. The owner holds retention. Retention is paid twice during the project: at the end of the month includes retention held during month and month and at the end of month any retention that was not released earlier Additionally the following is provided. of material is paid at time of delivery. the rest is paid when payed. of the project overhead is paid at the time of the delivery or when the cost is incurred. The rest of the project overhead is "pay when paid" of the equipment cost is paid when the cost is incurred. The rest is "pay when paid" The company pays subcontractors when it receives payment from the owner but withholds retention. SC rentention is released twice during the project: at the end of month includes month and and at the end of month any retention not released earlier The company pays for the labor weekly Indirect costs are for the construction company
A construction company is negotiating a construction project with a four month duration. On the last day of each month, the construction company will bill the owner for the work completed during the month. The owner holds retention. Retention is paid twice during the project: at the end of the month includes retention held during month and month and at the end of month any retention that was not released earlier Additionally the following is provided.
of material is paid at time of delivery. the rest is paid when payed.
of the project overhead is paid at the time of the delivery or when the cost is incurred. The rest of the project overhead is "pay when paid"
of the equipment cost is paid when the cost is incurred. The rest is "pay when paid"
The company pays subcontractors when it receives payment from the owner but withholds retention. SC rentention is released twice during the project: at the end of month includes month and and at the end of month any retention not released earlier
The company pays for the labor weekly
Indirect costs are for the construction company
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