A building contractor has a contract which will expire in 30 days. He has 80 men on the job and can finish the work in 50 days. The salary per day of 40 men is P150 each and that of the other 40 men is P130 each for 8 hours work per day. The time or liquidated damages for delay in the work is P10, 000 per day. How many more men should the contractor add in order to enable him to complete the work on time? Assuming that the additional men to be added will have a salary of P150 each per day, will the contractor save money by employing enough men to enable him to complete the work on time or by not adding men and paying the liquidated damages? How much is the savings, If any
A building contractor has a contract which will expire in 30 days. He has 80 men on the job and can finish the work in 50 days. The salary per day of 40 men is P150 each and that of the other 40 men is P130 each for 8 hours work per day. The time or liquidated damages for delay in the work is P10, 000 per day. How many more men should the contractor add in order to enable him to complete the work on time? Assuming that the additional men to be added will have a salary of P150 each per day, will the contractor save money by employing enough men to enable him to complete the work on time or by not adding men and paying the liquidated damages? How much is the savings, If any
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A building contractor has a contract which will expire in 30 days. He has 80 men on the job and can finish the work in 50 days. The salary per day of 40 men is P150 each and that of the other 40 men is P130 each for 8 hours work per day. The time or liquidated damages for delay in the work is P10, 000 per day. How many more men should the contractor add in order to enable him to complete the work on time? Assuming that the additional men to be added will have a salary of P150 each per day, will the contractor save money by employing enough men to enable him to complete the work on time or by not adding men and paying the liquidated damages? How much is the savings, If any? No overtime work is allowed.
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