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For the project below, construction company plans to sell it for $1,250,000 at the end of the seventh month. The company pays for labor weekly.
For the project below, construction company plans to sell it for $1,250,000 at the end of the seventh month. The company pays for labor weekly. The company pays material suppliers and subcontractors in full on the last day of the month following the month the materials were supplied and the work was completed respectively. What is the total cash generated at last day of month 2? Retention Rate: 0% Single Payment Project selling price: 1,250,000 Month 0 1 2 3 4 5 6 7 Total ' Soft Cost 312000 312000 . Materials 33,700 54,100 59,500 17,200 14,700 11,600 200,900 Labor 25,300 42,400 77,900 17,900 21,900 12,700 193,100 ' Subcontractor 35.600 125.200 93.600 105.700 60.400 35,600 45 6.100 _ total Costs Soft cost _ Materials _ Labor Subcontractor
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