If a contractor built in a project contingency of $100,000 on a job and this was not itemized in the bid or the schedule of values and only $ 75,000 was used. What would happen to the unused portion of the contingency? a. It would go to the Owner Owner and Contractor would each get half It would become profit for the Contractor It is given to the sub-contractors b. C. d.
If a contractor built in a project contingency of $100,000 on a job and this was not itemized in the bid or the schedule of values and only $ 75,000 was used. What would happen to the unused portion of the contingency? a. It would go to the Owner Owner and Contractor would each get half It would become profit for the Contractor It is given to the sub-contractors b. C. d.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
Related questions
Question
Transcribed Image Text:If a contractor built in a project contingency of $100,000 on a job and this was not itemized in the bid or
the schedule of values and only $ 75,000 was used. What would happen to the unused portion of the
contingency?
a.
It would go to the Owner
Owner and Contractor would each get half
It would become profit for the Contractor
It is given to the sub-contractors
b.
C.
d.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.Recommended textbooks for you
Structural Analysis (10th Edition)
Civil Engineering
ISBN:
9780134610672
Author:
Russell C. Hibbeler
Publisher:
PEARSON
Principles of Foundation Engineering (MindTap Cou…
Civil Engineering
ISBN:
9781337705028
Author:
Braja M. Das, Nagaratnam Sivakugan
Publisher:
Cengage Learning
Structural Analysis (10th Edition)
Civil Engineering
ISBN:
9780134610672
Author:
Russell C. Hibbeler
Publisher:
PEARSON
Principles of Foundation Engineering (MindTap Cou…
Civil Engineering
ISBN:
9781337705028
Author:
Braja M. Das, Nagaratnam Sivakugan
Publisher:
Cengage Learning
Fundamentals of Structural Analysis
Civil Engineering
ISBN:
9780073398006
Author:
Kenneth M. Leet Emeritus, Chia-Ming Uang, Joel Lanning
Publisher:
McGraw-Hill Education
Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning