Question
Table 1 shows the value of works and program for the construction of a building. The information of the project are as the followings: The
Table 1 shows the value of works and program for the construction of a building. The information of the project are as the followings:
- The gross profit margin is 10% of the value
- Retention amount is 5%
- Progress payment is on monthly basis and measurement will be made at the end of each month where contractor receives the payment one
- month later
- The contractor is given advanced payment of RM 700,000 at the start of the project. The payment will be returned to the client through progress payment deduction starting from the end of fourth month to the end tenth month equally
- The retention money is repaid three (3) months after the practical
completion
To simplify the calculation, you may assume all the costs must be met at the instant they are incurred. You may also assume that the monthly value and cost for each activity are equally distributed.
Activity | Duration (Month) | Predecessor | Value of Work (RM x 1000) |
Start | 0 | - |
|
A | 2 | Start | 800 |
B | 2 | A (FS 1) | 1600 |
C | 3 | B | 1200 |
D | 4 | C (FS 3) | 5200 |
E | 2 | C (FS 1) | 600 |
F | 2 | E | 1200 |
G | 1 | B (FS + 4), C (SS + 3) | 1800 |
H | 1 | D, F, G | 500 |
Finish | 0 | H |
|
Based on the given information, answer the following questions by preparing Gantt chart and detailed calculation.
- Total cost of the project
- Maximum cash required for this project
- Month the maximum cash is required
- Expected monthly payment received of all works that are scheduled to be completed in Month 9 only
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