What are progress payments, and why are they important to the contractor?

What will be an ideal response?


Progress payments are the periodic payments made by the owner to the contractor. They are important to the contractor because they use this money to pay all expenses associated with the project. The timing and payment procedures should be detailed in the contract documents.

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While diagnosing the cause of sluggish acceleration: Technician A suspects a possible engine performance problem. Technician B checks the level and condition of the transmission fluid. Who is correct?

A. A only C. Both A and B B. B only D. Neither A nor B

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A four-bit R-2R ladder DAC is presented in Fig. 5.103.

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Communicating variable-refrigerant-velocity mini-split systems can save energy by matching the ________ capacity to the demand

A) load B) equipment C) building's D) energy's

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Carry the answer to two decimal places. A contractors note, given 2 years 9 months ago for $856.25 and bearing an 8% interest rate per annum, is paid in full. What is the total amount of interest charged? Round to the correct cent.

Fill in the blank(s) with the appropriate word(s).

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