Valdrôme Bâtiment is building a warehouse for a customer; the obligation is satisfied over time and progress is measured by costs incurred. Price: 1,000,000; total expected costs, excluding waste: 800,000. In 20X1, Valdrôme incurred costs of 300,000, of which 60,000 relate to concrete lost through an unexpected handling error, not reflected in the contract price (a significant loss, case datum). The accounting assistant computes progress of 300,000 / 800,000 = 37.5%. What is the error?
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