If a GC was on a cost-plus project, without a GMP, how would payment on an EV
Question:
If a GC was on a cost-plus project, without a GMP, how would payment on an EV basis affect them if they were
a) Under-running their estimate,
b) Over-running their estimate?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
a Underrun Potentially o...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Cost Accounting And Financial Management For Construction Project Managers
ISBN: 9781138550650
1st Edition
Authors: Len Holm
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Refer to the situation described in P 192. Assume Pastner measures the fair value of all options on January 1, 2021, to be $4.50 per option using a single weighted-average expected life of the...
-
The 4-kg uniform slender bar BD is attached to bar AB and a wheel of negligible mass which rolls on a circular surface. Knowing that at the instant shown bar AB has an angular velocity of 6 rad/s and...
-
Roseys Roses is located in Savannah, Georgia, and specializes in the sale of roses. You, as the manager of the business, are curious to see how Excel might help you manage the business and account...
-
List three different types of profit figure that you are likely to see in a published profit and loss account.
-
Reconstructing the income statement and balance sheet (Adapted from a problem by Stephen A. Zeff) Portobello Co., a retailer, is in its 10th year of operation. On December 28, 2008, three days before...
-
Calculate the yield to maturity for the following bonds. Bond Price Coupon Maturity (years) Par Amount 1 100.000 2.35% 10 $10,000,000.00 2 101.250 2.50% 7 $12,500,000.00 3 104.500 3.25% 14...
-
If your project had estimated the foreman would spend 1,000 hours by June 1, but he or she had only spent 800 hours, is your team over budget or under budget or ahead of schedule or behind schedule?...
-
Figure 9.2 work package represents a more complicated scenario. What was the cost and schedule status as of days two, four, and six? Was the foreman ahead or behind schedule and by how much, and was...
-
For the following exercises, solve the system for x, y, and z. You inherit one million dollars. You invest it all in three accounts for one year. The first account pays 3% compounded annually, the...
-
We review long-lived assets for impairment when circumstances indicate the carrying amount of an asset may not be recoverable based on the undiscounted future cash flows. If the carrying amount of...
-
Jay Oullette, CEO of Bumper to Bumper Incorporated, anticipates that his company's year-end balance sheet will show current assets of $12,774 and current liabilities of $7,570. Oullette has asked...
-
Use Excel to draw a decision tree. Knoop Inc. has completed the first year of operations and they did end up selling 50,000 bikes in the first year. You believe that you will sell another 50,000...
-
You are a marketer in an organisation and you were asked to consider Digital Marketing as the new endeavour of the organisation. Write a report to review critically the opportunities and challenges...
-
Jacob needs to borrow $30 000 to purchase a car. If the interest rate is 5 percent compounded monthly, what is the total interest paid on a four versus eight-year term?
-
An American business pays $20,000, $5,000, and $15,000 to suppliers in Japan, Switzerland, and Canada, respectively. How much, in local currencies, do the suppliers receive? Selling quotes for...
-
B made an issue of 150,000 $1 ordinary shares at a premium of 20% the proceeds of which is received by cheque. What is the correct journal to record this? A. Bank Share capital Share premium B. Bank...
-
The Tiffenex Company manufactures reproductions of expensive earrings. Tiffenex uses the standard-costing method of process costing to account for production of earrings. All materials are added at...
-
Third Wave Bakery supplies cupcakes to a national grocery chain for their private label. The cupcakes must meet specific requirements of the grocery chain. Third Wave uses a specific process to...
-
The assembly division of Fenton Watches, Inc., uses the weighted-average method of process costing. Consider the following data for the month of May 2020: Required Compute equivalent units for direct...
-
rt 1 ments B chers dents tfolio The difference between Abatement and Compromise Settlement of Taxes is Select the correct response: Both can be applied simultaneously Abatement calls for...
-
Peter is a member of a small Harley- Davidson motorcycle club. They meet once a week to ride and talk about their bikes. This club might exert a influence on Peter as he decides which model of bike...
-
Which is NOT one of vehicle emission certification types? A. California B. Military C. BAR Referee D. Federal
Study smarter with the SolutionInn App