Select the fact$($s$)$ below that would go under a heading "Background" in the Progress Report for the above noted renovation project.$$in the Progress Report for the above noted renovation project.$*$

$6$ points

The remainder of the materials costs you estimate is $$85,000$

Work is progressing on schedule

You said you would be finished by August $20$

Labour costs to date are $$217,000$

As a result, costs overall will not be higher than expected.

Costs of materials are coming in higher than you quoted her.

The remainder of the labour costs you estimate is $$73,000$

Materials costs to date are $$90,500$

Replacement of heating and air conditioning system is in the preliminary stages

There should be no difficulties in finishing all work by the scheduled completion date.

Original quote you gave your client was $$475,000$ to complete the entire job

As of July $6,$ all plumbing work has been done, and the circuit breaker panels, meters, service outlets, and all sub$-$flooring have been installed

The upgrading of the central office and meeting room has been scheduled for completion from July $15$ to August $4.$

The resurfacing of all wood floors, replacement of drywall, and installation of lighting systems will take place August $5$ to August $18.$

Work is being done faster than expected so labour costs will probably end up lower.