Question: Example: Table shows a contractor's project's activities along with starting and finishing time and the budgeted cost. The conditions of contract allow measurements to be
Example: Table shows a contractor's project's activities along with starting and finishing time and the budgeted cost. The conditions of contract allow measurements to be made monthly and payment of the amount certified less retention to be paid to the contractor after a month. Retention money is to be released after months of completion. Annual interest rate is on lockedup capital. Calculate the total profit of the contractor if he earns profit on quoted cost.
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