What does retainage mean in construction, what are its purposes, and how much is the retainage value?
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A: Initial cost = $ 60,000 Salvage value= $ 10, 000
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A: Here is the four reliable sources of building material pricing data.
Q: Based from the example, what is the number of uses for which purchase and rental costs become even?
A:
Q: What payments are typically linked to Substantial Completion? And to Final Completion?
A: In any construction project, the owner must make monthly or regular payments to the general…
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A: Depreciation- It is defined as a technique that allows an organization to list its asset value over…
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Q: What are the performance bonds?
A: Performance bond:
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Q: Given the following data for a construction equipment: Initial cost = P 1,200,000.00; Economic Life…
A: Given data, Initial cost (S) = P 1,200,000 Economic life (n) = 12 years Salvage value = P 320,000
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What does retainage mean in construction, what are its purposes, and how much is the retainage value?
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- What payments are typically linked to Substantial Completion? And to Final Completion? What is retainage and what is its purpose. How is it calculated?Explain how an estimate is priced in two phases.Given the following data for a construction equipment: Initial cost = P 1,200,000.00; Economic Life = 12 years; Estimated salvage value = P 320,000.00. (a) What is the book value after seven years? (b) What is the depreciation charge on the 4th year? (c) What is the total depreciation charge at the end of the 10th year?
- A concrete crusher has been purchased for $60,000 and it has an estimated salvage value of $10,000 at the end of its five years life. Engineers have estimated the following units of production of crushed materials over the next five year 1 2 3 4 5 End of year Crushed Material m³ 16,000 24,000 36,000 16,000 8,000 What is the total depreciation at end of year 3 and what is the book value at end of year 2 ?What are the three major types of construction bonds? Whyare they required? Name three items that affect bondingcapacity.What exactly is valuation? Discuss the whole process of civil engineering structure appraisal.