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CIBC 6014 Financial Administration for Construction Contracts (Sem 1, 2023)
发布时间：2024-06-13
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CIBC 6014 Financial Administration for Construction Contracts (Sem 1, 2023)
EX. NO. 5 Variations (2) (Wednesday 27th March 2024)
(To qualify for assessment, submit the exercise only to Moodle Dropbox before 11:59pm Sunday 31st March 2024)
Total of 3 marks.
Q1. The balance of the work included in the Variation is to be determined from Net Cost. Value the Variation. You must clearly show each calculation step.
Net Costs, Percentages and Working Day rates are as follows:
|
· Materials |
$2,500 |
|
· Plant |
$600 |
|
· Labour |
$1,200 |
|
· On-site Overheads |
7.5% |
|
· Off-site Overheads and Profit |
10% |
|
· Working Day Rate |
$100 per working day |
|
· Processing cost |
$60 per hour |
· As a result of the Variation there have been 5 Working Days extension of time to the Due Date for Completion of the Contract Works.
· One Contractor’s staff spend 6 hours to process this Variation.
