Your company has been hired to act as a construction  manager for the construction of a bookstore for a fixed fee of $32,000. When the design was 90% complete, you prepared a budget for the project, which is shown in Figure 4-13. During the buyout, the subcontracts shown in Figure 4-14 were signed and the purchase orders shown in Figure 4-15 were issued. No additional costs are expected for the contracts in Figure 4-14 and the purchase orders in Figure 4-15. A purchase order has been issued for concrete for $115 per cubic yard. This price is 4% below the costs used in the budget.

In Figure 4-14

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Description Code 04100 Masonry 05900 Erection 07200 Insulation 07500 Roofing 08400 Store Fronts 09100 09200 09300 09400 09800 12300 21100 22100 23100 26100 31100 32100 33100 33200 Drywall Ceramic Tile Acoustical Treatment Carpet and Vinyl Paint Cabinetry and Countertops Fire Sprinklers Plumbing HVAC Electrical Grading and Excavation Asphalt Sanitary Sewer Water Line Contract Amount 42,136 8,200 1,802 8,875 9,100 6,898 1,999 6,995 5,354 8,000 9,865 7,000 22,115 23,850 17,825 6,150 17,569 1,359 1,125