Based on your understanding of cost of a project, who pays for the interest charged on bank loan given to the general contractor to help the general contractor to execute a given project?

Example; the GC got a loan of $250,000.00 to execute a project for Mr. Owner. Who actually pay the interest associated with this loan?

A) Owner of the project

B) The GC, because the GC signed and got the loan

C) The insurance company of the GC

D) The GC because it will be written off during tax time as cost of doing business

Answer rating: 100% (QA)

The GC because the GC signed and got the loan I... View the full answer