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Prepare a progress claim schedule based on monthly progress claims. This schedule is required to be attached to your chosen contract and shown as the terms of payment. The schedule should be presented in table format and include a payment for the number of months the project will be running as stated in the contract under 'Time for Completion'. You have been given the % of work completed for each trade in each month. You are required to calculate the value complete for each trade area and the total monthly claim amount in order to calculate the monthly progress claim. Remember, the values that you will calculate for each month will be the cumulative value of the work complete for the project at that point in time. You are also required to show retention taken from your claims, even if the contract you have chosen to use does not have a retention clause. Retention is to be taken at 10% of each progress claim until the maximum of 5% of the contract sum is reached. 50% of the retention is to be released at Practical Completion and the other 50% to be released at the end of the defects liability period (DLP). The DLP is commonly 13 weeks for a residential project. MONTHLY PROGRESS CLAIM SCHEDULE TRADE VALUE (5) MONTH 1 COMPLETE MONTH 2 S COMPLETE MONTH 3 COMPLETE 60 MONTH COMPLETE MONTHS S COMPLETE MONTHS COMPLETE MONTH S COMPLETE 45 75 100 100 100 100 100 100 100 100 60 100 100 100 100 100 100 20 70 100 100 100 100 100 0 30 75 100 100 100 100 0 20 50 100 Preliminare 25000 Excavator 5000 Concrete 19000 Bricklayer 24000 Carpenter 43000 Joner 15000 Doors and Windows 2000 Roofer 16000 Liningsinsation 20000 Electrician 24000 Provisional Sum) Plumber and Drainer 24000 Provisionalsum 10 50 80 100 100 100 100 70 95 100 100 100 5 5 10 50 100 100 100 10 20 60 75 es 100 18 18 50 75 85 100 12000 0 0 15 50 100 100 10000 0 75 100 O % 0 10 100 Landscape Provisionals CONTRACT SUM 275000 LA023753, sessment 2 CPOCBCROBA. Ed3