Q3/ A construction project have the following data in the table below:- Activity Duration (weeks) Activity total cost (S) 400 Critical Activity Dependency 350 C. 300 D 450 E. 12 960 F 15 А.В 600 Total project cost = E Activity total cost ($) 3060 Required:- 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 (20%) 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.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Q3/ A construction project have the following data in the table below:-
Activity Duration
(weeks)
Activity total
cost (S)
400
Critical Activity
Dependency
350
3
A
300
450
D
E
12
960
F
15
A. B
600
Total project cost = E Activity total cost ($)
3060
Required:-
Calculate the contract value, the monthly value of the planned work to be completed
(Budget value) and the monthly amounts (payments) that expected to be received
(Expected payments) If the ratio of profit that the contractor desires is (20%) and the
contract for this type of project provides for the deduction of the amount of 5% (retention
rate) from value of monthly payments to pay 50 of the total deductions upon completion of
the work and pay the remaining 50 after the end of the maintenance period of 3 months
and the first monthily payment received after one month from the start of the project, Draw
the curves of the value of the planned work done and the amounts expected to be received.
Transcribed Image Text:Q3/ A construction project have the following data in the table below:- Activity Duration (weeks) Activity total cost (S) 400 Critical Activity Dependency 350 3 A 300 450 D E 12 960 F 15 A. B 600 Total project cost = E Activity total cost ($) 3060 Required:- 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 (20%) 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 monthily 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.
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