Using the buyout values in Exercise 1, develop a new schedule of values for our case study project that was shown in Chapter 20.

Data from exercise 1

Assume the following buyout values for the case study project. Begin with the final bid estimate developed in Chapter 20 and develop a buyout log similar to Figure 24.2. You will have to look at examples presented earlier in the book and make a few derivations and assumptions to complete this exercise.

Figure 24.2

Transcribed Image Text:

City Construction Company Buyout Log Project: Carpenter's Training Center Spec Section Description 050000 Supply Steel 074000 Roof and Flashing 096800 Carpet 096520 VCT, Vinyl, & RB 215000 Fire Protection 312200 Mass Excavation Project Manager: Rhonda Martin Estimate Buyout Variance $175,000 $165,000 -$10,000 $310,000 $317,500 $7,500 $91,045 $40,000 -$51,045 w/carpet $43,095 $43,095 $325,000 $338,900 $13,900 $584,600 $552,200 -$32,400 Comments Low bidder dropped Carpet separate from others Weekend & evening premium