Answered: 16) The amount of money retained by the…

16) The amount of money retained by the owner from every invoice, before a payment is made to the contractor: a. Surplus fund. b. Expenditures. c. Retention d. Revenues.

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter9: Pricing Construction Equipment

Section: Chapter Questions

Problem 5RQ

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Asphalt Binders and Mixtures

Asphalt binders are subsidiary products procured during the refining process of petroleum while manufacturing gasoline, diesel, and similar petroleum products. Asphalt binders are obtained from the residue that remains after the distillation of petroleum, this residue is further subjected to steam distillation and oxidation to remove the traces of gas oil present in the residue. Certain additives or modifiers are also added to asphalt binders to alter them to suit different applications.

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16) The amount of money retained by the owner from every invoice,
before a payment is made to the contractor:
a. Surplus fund.
b. Expenditures.
c. Retention
d. Revenues.

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