It Is Common for a Developer to Hold Back Funds

question 5

True/False

It is common for a developer to hold back funds to be sure that subcontractors perform all work completely before making final payment.

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Definitions:

Fluctuated

Describes variations or changes in level, strength, or value over a period of time.

Proved Reserves

Quantities of natural resources, like oil or gas, that geological and engineering information indicates with reasonable certainty can be recovered under existing economic and operating conditions.

Natural Gas

A fossil fuel composed mainly of methane, used as an energy source for heating, cooking, and electricity generation.

Consumption Rate

The speed at which goods and services are consumed or used up, often reflecting the economic activity level.