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An equipment installation job in the completion stage can be completed in 50 days of 8 hour/day work, with 50 men working. With the contract expiring in 40 days, the mechanical engineer contractor decided to add 15 men on the job, overtime not being permitted. If the liquidated damages is P5,000 per day of delay, and the men are paid P150 per day, how much money would he save with the additional workers?

An equipment installation job in the completion stage can be completed in 50 days of 8 hour/day work, with 50 men working. With the contract expiring in 40 days, the mechanical engineer contractor decided to add 15 men on the job, overtime not being permitted. If the liquidated damages is P5,000 per day of delay, and the men are paid P150 per day, how much money would he save with the additional workers?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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An equipment installation job in the completion stage can be completed in 50 days of 8 hour/day work, with 50 men working. With the contract expiring in 40 days, the mechanical engineer contractor decided to add 15 men on the job, overtime not being permitted.
If the liquidated damages is P5,000 per day of delay, and the men are paid P150 per day, how much money would he save with the additional workers?

 

ANS: 44750

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