Ques:- How is the mobilization advance recovered from the contractors bills?
Asked In :-
Object Frontier Software, Fortunesoft IT Innovations, ICAT Design & Media College, CONDECO SOFTWARE, Riversand Global Technologies, ProV Infotech Systems, Accops, XBRL Ultima, Teqfocus, Corient Business Solutions,
Right Answer:
The mobilization advance is typically recovered from the contractor's bills by deducting a specified percentage from each progress payment until the advance is fully repaid. This percentage is usually outlined in the contract terms.
The mobilization advance is typically recovered from the contractor's bills by deducting a specified percentage from each progress payment until the advance is fully repaid. This percentage is usually outlined in the contract terms.