Calculate the contract value, the monthly value of the planned work to be completed (Budget value) and the monthly amounts (payments) that expected to be received (Expected payments) If the ratio of profit that the contractor desires is (15%) and the contract for this type of project provides for the deduction of the amount of 5% (retention rate) from value of monthly payments to pay 50 of the total deductions upon completion of the work and pay the remaining 50 after the end of the maintenance period of 3 months and the first monthly payment received after one month from the start of the project, Draw the curves of the value of the planned work done and the amounts expected to be received.

Calculate the contract value, the monthly value of the planned work to be completed (Budget value) and the monthly amounts (payments) that expected to be received (Expected payments) If the ratio of profit that the contractor desires is (15%) and the contract for this type of project provides for the deduction of the amount of 5% (retention rate) from value of monthly payments to pay 50 of the total deductions upon completion of the work and pay the remaining 50 after the end of the maintenance period of 3 months and the first monthly payment received after one month from the start of the project, Draw the curves of the value of the planned work done and the amounts expected to be received.

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter14: Pricing General Expenses

Section: Chapter Questions

Problem 4RQ

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