Construction Management Course Question 2 2 (171.87 KiB) Viewed 44 times
pour (5) A contractor's expected direct cost and indirect cost amounts are shown in the table below. Assuming a 20% markup, calculate the payment due to the contractor for period 2 before deducting the retention amount. End of Month Direct expenses/period Indirect expenses/period 1 $105,000 -$25,000 $115,000 $35,000 3 -$95.000 -$45,000 5 -$115,000 $130,000 -$35,000 $45,000 6 -$90,000 -$20,000 7 -$80,000 -$15,000
(5) The contractors cumulative expenses (direct+indirect) per period for the first 3 periods of a 10-month project are shown in the table below. - End of Month 1 2 3 Cumulative expenses (direct - indirect) -S200,000 -$350,000 $800,000 Assume that the conractor uses 15% markup and that the retention amount is 10%. Calculate the payment received by the contrator for period 3.
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