Question: A certain project in isabela has a total contract value of PHP 5 , 0 0 0 , 0 0 0 . The progress billing

A certain project in isabela has a total contract value of PHP 5,000,000. The progress billing schedule is as follows: 20% at the start, 35% at the midway point, and 45% upon completion. If the work is 30% completed at the midway point, how much progress billing should be issued at that stage?
A) Php 2,750,000.00
B) Php 1,750,000.00
C) Php 525,000.00
D) Php 825,000.00

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