If a GC was on a cost-plus project, without a GMP, how would payment on an EV
Question:
If a GC was on a cost-plus project, without a GMP, how would payment on an EV basis affect them if they were
a) Under-running their estimate,
b) Over-running their estimate?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
a Underrun Potentially o...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Cost Accounting And Financial Management For Construction Project Managers
ISBN: 9781138550650
1st Edition
Authors: Len Holm
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Refer to the situation described in P 192. Assume Pastner measures the fair value of all options on January 1, 2021, to be $4.50 per option using a single weighted-average expected life of the...
-
The 4-kg uniform slender bar BD is attached to bar AB and a wheel of negligible mass which rolls on a circular surface. Knowing that at the instant shown bar AB has an angular velocity of 6 rad/s and...
-
Laura is considering taking Calculus I from Professor Rogers. Her friend Gina took Professor Rogers for this class and got an A. Laura concludes that she, too, will get an A from Professor Rogers....
-
For a gas whose \(P-V-T\) behaviour is given by \(Z=1+\frac{B P}{R T}\), where \(B\) is a constant, the fugacity coefficient is (a) \(\frac{B P}{R T}\) (b) \(\exp \frac{B P}{R T}\) (c) \(\ln \frac{B...
-
Sunburst sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Sunburst's purchases of Xpert snowboards during September. During the same month, 116...
-
least ONE naar by Sunday 11:59 nm. All peer responses must be between Vat would be an example of a legal issue in e-communication? How can you avoid legal issues involving e-communication? Prompt 2-...
-
If your project had estimated the foreman would spend 1,000 hours by June 1, but he or she had only spent 800 hours, is your team over budget or under budget or ahead of schedule or behind schedule?...
-
Figure 9.2 work package represents a more complicated scenario. What was the cost and schedule status as of days two, four, and six? Was the foreman ahead or behind schedule and by how much, and was...
-
To express sympathy to the family of one of your employees who recently died in a traffic accident, which of these media would you choose and why? a. Facebook post b. Printed letter c. Email message...
-
Let Y,..., Yn be independent reandom variables eath with the distribution N(, 0). Let (b) Show that S Y = 1 == n n i=1 (a) What is the distribution of Y? Y and S2 1 n-1 72 i-1 n-1 [C=1(Yi-) - n( )]....
-
You have been hired by Number Company as a staff accountant. Your first assignment is to produce financial statements for Alphabetical Company. You must produce the income statement, statement of...
-
Farm Incorporated is a Canadian public corporation that sales tractors in Ontario only. Farm Incorporated.'s taxable income for the current year is $695,000. What is The federal tax payable for the...
-
Convert 57EC to decimal notation. 16 10
-
123 What is the syntax for addition of matrix A and B where, A= 4 5 6 B= 789 122 455? 222 OA.+B OA+.B OA+B OA++B
-
Find the time Mercury takes to orbit the sun.
-
B made an issue of 150,000 $1 ordinary shares at a premium of 20% the proceeds of which is received by cheque. What is the correct journal to record this? A. Bank Share capital Share premium B. Bank...
-
The Tiffenex Company manufactures reproductions of expensive earrings. Tiffenex uses the standard-costing method of process costing to account for production of earrings. All materials are added at...
-
Third Wave Bakery supplies cupcakes to a national grocery chain for their private label. The cupcakes must meet specific requirements of the grocery chain. Third Wave uses a specific process to...
-
The assembly division of Fenton Watches, Inc., uses the weighted-average method of process costing. Consider the following data for the month of May 2020: Required Compute equivalent units for direct...
-
Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 7,100 Revenue ($4.05q) $ 28,755 Expenses: Packing supplies ($0.25q) 1,775 Oyster bed maintenance ($3,400) 3,400 Wages...
-
n 2.7 j2.4 a 320 20 V 2.7 j2.4 b 13 j06 86 j117 www N + 320 / 120 V 1.3 j06 56 77 www + www 320 /120 V 20 27 j24 13 j06 C 26 j37 www m www
-
Due to shortages in the United States milk supply, Congress passed a law governing the production and sale of milk. The law required "anyone who produced, distributed, or sold milk" to obtain a...
Study smarter with the SolutionInn App