Project Duration: 5 months Construction Security: 6% of total contract value, payable one month before construction starts and paid back one month after construction completion Retention: 10% on total certification value R85,000.00 maximum retention Payment after certificate were submitted: 30 days after certificate Contractor's Profit 21% Contractor add this to all the costs (direct and overhead), to invoice or certificate value Retention pay back 50% of the retention money is paid back into the contractor's bank account one month after completion of the project 50% of the retention money is paid back 3 months after the completion of the project Contractor's direct cost breakdown and payment: 60% Labour Payable the same month 21% Material Payable 1 month after expense occurred 19% Plant Payable 2 month after expense occurred The contractor is allocating the following overheads to the project: R7,500.00 Paid monthly (only allocated to the project for the duration of the project) Planned Certification Schedule: Jan R500,000.00 Feb R550,000.00 Mar R300,000.00 Apr R900,000.00 May R650,000.00 Total project certificate value: R3,400,000.00 1. TOTAL PROJECT INCOME STATEMENT Sales Minus Direct Project Expenses Labour Material Plant Minus overhead costs Total Project Profit 2. MONTHLY PROJECT INCOME STATEMENT Jan Feb Mar Apr May Total Sales Minus Direct Project Expenses Labour Material Plant Minus overhead costs Total Project D 3. Cashflow 3.1 Retention & Payment Calculation Jan Mar Apr Feb 2 May 1 Monthly Certificate Value Total Certificate Value Total Retention deductible Monthly Retention deductible Monthly Certificate Payable (after retention deduction) H K M N O Q Supply values for A to Q below. NB: Your answer have to be in the following format: "123456.78", NOT "R123456.78"., NOT "R12.3456.78". NOT "R 123 456.78", or any other format. Just the value, no spaces, no commas, no "R". Also, if your ans Project Duration: 5 months Construction Security: 6% of total contract value, payable one month before construction starts and paid back one month after construction completion Retention: 10% on total certification value R85,000.00 maximum retention Payment after certificate were submitted: 30 days after certificate Contractor's Profit 21% Contractor add this to all the costs (direct and overhead), to invoice or certificate value Retention pay back 50% of the retention money is paid back into the contractor's bank account one month after completion of the project 50% of the retention money is paid back 3 months after the completion of the project Contractor's direct cost breakdown and payment: 60% Labour Payable the same month 21% Material Payable 1 month after expense occurred 19% Plant Payable 2 month after expense occurred The contractor is allocating the following overheads to the project: R7,500.00 Paid monthly (only allocated to the project for the duration of the project) Planned Certification Schedule: Jan R500,000.00 Feb R550,000.00 Mar R300,000.00 Apr R900,000.00 May R650,000.00 Total project certificate value: R3,400,000.00 1. TOTAL PROJECT INCOME STATEMENT Sales Minus Direct Project Expenses Labour Material Plant Minus overhead costs Total Project Profit 2. MONTHLY PROJECT INCOME STATEMENT Jan Feb Mar Apr May Total Sales Minus Direct Project Expenses Labour Material Plant Minus overhead costs Total Project D 3. Cashflow 3.1 Retention & Payment Calculation Jan Mar Apr Feb 2 May 1 Monthly Certificate Value Total Certificate Value Total Retention deductible Monthly Retention deductible Monthly Certificate Payable (after retention deduction) H K M N O Q Supply values for A to Q below. NB: Your answer have to be in the following format: "123456.78", NOT "R123456.78"., NOT "R12.3456.78". NOT "R 123 456.78", or any other format. Just the value, no spaces, no commas, no "R". Also, if your ans
