Question

How to compute Estimated Profit under a Contract A/C?

A Value of Work Certified + Value of Work Uncertified – Cost of work to date Correct Answer Incorrect Answer
B Value of Work Certified + Value of Work Uncertified Correct Answer Incorrect Answer
C Value of Work Certified – Cost of work to date Correct Answer Incorrect Answer
D Value of Work Certified + Value of Work Uncertified – Cost of work certified Correct Answer Incorrect Answer
E Contract Price – Total Cost already incurred – estimated additional costs to complete the contract Correct Answer Incorrect Answer

Solution

The correct answer is E

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