ZAE AeroCenter Controller Knowledge Test (CKT) 2 Practice Test

An approved progress billing is $200,000 and the contract requires 10% retainage. How much retainage is withheld from that billing?

$10,000 $20,000 $180,000 $220,000

$20,000

$200,000 × 10% = $20,000 retainage.

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