Overdraft Calculations Exercise 1: The activities involved in the construction of a small 6-month project and their total costs in Dirhams (direct + indirect) are shown in the bar chart in the next slide. Contract conditions are as follows: o The contractor uses a markup of 10%. o Retention is 5%. The retention is paid at the end of the contract. o Measurement is made monthly with a payment delay of one month. o The bank interest is 12% per year.cat per persal Per periud 1. What is the maximum amount of cash the contractor needs to finance and when does he require this amount? 2. What is the contractor's net profit in this project? Oro Month 4 Month 5 Month Month 7 Overdraft Calculations Medvity Total Cost Badget Cost Month Month Month (5) (5) 2 3 15,000 14.000 12,000 16,000 20,000 3,000 G 9,000 - . - - Total cost Cumulative cost B.P Monthly budget value Retainage Amount payable Payment received Cumulative payment Overdraft balance Interest Total overdraft