â¢ CASTLE (verb). The verb CASTLE has 1 sense: 1. move the king two squares toward a rook and in the same move the rook to the square next past the king. Familiarity information: CASTLE used as a verb is very rare.ypernyms (castle is a kind of...): hall; manse; mansion; mansion house; residence (a large and imposing house). Meronyms (parts of castle): great hall (the principle hall in a castle or mansion; can be used for dining or entertainment).
Labor costs should be no more than 20 to 30 percent on a construction project. The cost may be lower for residential projects and higher for commercial projects.
Percentage of Completed Method. The percentage of completion method is used when the contract involves the completion of more than one act. Under the percentage of completion method, revenue is recognized proportionately with âthe extent of work accomplishedâ by the contractor, by reference to the performance of each act. Many contractors have adopted what they believe to be the percentage of completion method using billings or periodic payment certificates as a basis for recognizing revenue.