Question: Problems 8 . A construction company is negotiating on a construction project with a six - month duration. On the last day of each month
Problems
A construction company is negotiating on a construction project with a sixmonth duration. On the last day of each month the construction company may bill the owner for the work completed during the month. The owner pays the monthly bills one month after they are received. The owner also holds retention. Final payment is expected one month after completion of the project and includes payment of the retention. The construction company pays material
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