Question: How and when are allowances formalized into the contract? NOTE: As time went on, the contractor used creative accounting and charged all sorts of marginal
How and when are allowances formalized into the contract? NOTE: As time went on, the contractor used creative accounting and charged all sorts of marginal costs against the allowances. Is this legal why or why not? Ultimately, the allowances were all "spent." How can allowances be defined and managed so that both parties are treated fairly legally? Should allowances exist? NOTE: (FYI: https://ogletree.com/insights/construction-one-minute-read-allowance-or-contingency/)
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