Question

if cash received on any contract account amount to 290000 which is less than 20% work certified then the amount of work certified will be​

Answer 1

Answer:

Progress Payments / Cash Received: (a) Payments received by the Contractors when the contract is "in-progress" are called Progress Payments or Running Payments. (b) Such payments are released by the Contractee on the basis of Architect's Certificates and as per the terms of the Contract.

Explanation:

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