A 10-month project involves execution of some items. The contractor estimates the project value to be

` 30 crore. The estimated invoice percentage per month is given in Table Q4.1. ayment conditions are such that contractor estimates an average outstanding duration of 45 days.

The mobilization advance is 10 per cent of the contract value, which is non-interest-bearing. The recovery of the mobilization advance starts from the 3rd running bill and the entire recovery must be completed in the 6th running bill.

T he stock proposed to be maintained at site during the contract period has also been estimated by the contractor.

For the first two months and the ninth month, it is estimated to be 25 lakh, while from 3rd month to 8th month it is estimated to be 50 lakh.

Calculate the return on capital employed by the contractor and find the EVA to the contractor for the project.