Question: A building contractor obtained bids for some asphalt paving, based on a specification. Three paving subcontractors quoted the following prices and ten of payment: The

A building contractor obtained bids for some asphalt paving, based on a specification. Three paving subcontractors quoted the following prices and ten of payment:

The building contractor uses a 12% nomine interest rate, compounded monthly, in this type c bid analysis. Which paving subcontractor should b awarded the paving job?

Paving Co. Pri Quick Payment Schedule $85,000 50% payable immediate 25% payable in 6 month 25% payable at the end of one year Payable immediately 25% payable immediatel 75% payable in 6 month Tartan Faultless $82,000 $84,000

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