Question: . Briefly explain the following term as per contract costing . Contract Costing Retention Money Escalation Clause Work certified and Work uncertified Profit on Uncompleted

  1. . Briefly explain the following term as per contract costing.

  1. Contract Costing
  2. Retention Money
  3. Escalation Clause
  4. Work certified and Work uncertified
  5. Profit on Uncompleted Contract

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