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Q1: For the target schedule shown in the table including the budget cost and pay prices: - Project Indirect Cost S400/day - Pay period =10
Q1: For the target schedule shown in the table including the budget cost and pay prices: - Project Indirect Cost S400/day - Pay period =10 working days. Payment (interim and final) is due 10 working days after the payment request date. - Retention =10% up to 5% of the contract price - A lump Sum (LS) pay item is paid when the activity is complete. - Retention is withheld until the end of the maintenance period. Based on the above Target Budget Cost, and pay prices: a) Is this a Balance Bid? Justify answer, b) Find the markup amount and percentage used in the pricing of the project. c) Find the amount of the first, second, and final payments for the Target schedule. d) Draw the cash-out (costs) and cash-in (payments) for the Target schedule
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