If a contractor had an original contract price of $800,000, had already expended $210,000 in part performance, estimates that the cost of completion would be $625,000 and has already received $175,000 in progress payments, how much would that contractor be entitled to in damages if you were to use the reasonable cost of completion formula?

What will be an ideal response?


800,000 (contract price) – 625,000 (cost of completion) – 175,000 (progress
payments) = $0 net recovery

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What will be an ideal response?

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