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Given the following cost expenditures for a small warehouse project (to include direct and indirect changes): What would be the impact on the maximum overdraft
Given the following cost expenditures for a small warehouse project (to include direct and indirect changes):
What would be the impact on the maximum overdraft of giving the contractor a $25,000 mobilization payment? (Show calculation.) ONLY ANWSER THIS QUESTION!!!!
Assumptions:
The markup for this project is 12%.
Retainage is 10 percent throughout the project.
The finance charge is 1.5 percent per month.
Payments are billed at the end of the month and are received one month later.
\begin{tabular}{lcccc} \hline Month & 1 & 2 & 3 & 4 \\ Monthly cost & 69,000 & 21,800 & 17,800 & 40,900 \\ \hline \end{tabular} Direct cost + indirect cost \begin{tabular}{lcccc} \hline Month & 1 & 2 & 3 & 4 \\ Monthly cost & 69,000 & 21,800 & 17,800 & 40,900 \\ \hline \end{tabular} Direct cost + indirect cost
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