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    Question

    How to compute Estimated Profit under a Contract A/C?

    A Value of Work Certified + Value of Work Uncertified – Cost of work to date Correct Answer Incorrect Answer
    B Value of Work Certified + Value of Work Uncertified Correct Answer Incorrect Answer
    C Value of Work Certified – Cost of work to date Correct Answer Incorrect Answer
    D Value of Work Certified + Value of Work Uncertified – Cost of work certified Correct Answer Incorrect Answer
    E Contract Price – Total Cost already incurred – estimated additional costs to complete the contract Correct Answer Incorrect Answer

    Solution

    The correct answer is E

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