Question
assume the contract has a 6-month duration. the cost of borrowing money is 1% per month. under the terms of the contract, the owner will
assume the contract has a 6-month duration. the cost of borrowing money is 1% per month. under the terms of the contract, the owner will pay the total bid amount 30 days after the end of project as a single payment. estimated cost is 600,000. using 15% markup, the contractor bis $690000. expected monthly cost are as shown below cost 1st month: 60,000 cost 2nd month: 120,000 cost 3rd month: 120,000 cost 4th month: 120,000 cost 5th month: 120,000 cost 6th month: 60,000 using the above information calculate the following
Please show work for calculations.
a. cost
b. amount invoices
c. amount received
d. interest
e. cash requirements
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