1. Problem Statement: A company bid a project for $1,450,000 that had a budget of $1,000,000. The companys minimum profit and overhead markup is 13% for all cost categories.

1. What is the profit generated from the profit and overhead markup?
2. Determine the profit from the bidding and buyout process.
3. If the companys excavation crew completed the excavation work on the project for $235,000. The budget for this item is $250,000. What is the profit that resulted because of good management on the part of the foreperson?
4. The company completed the project for $890,000, of which $235,000 was performed by in-house crews. The budgeted cost for the in-house work was $240,000. What is the profit from the management of the project?
5. Determine the total profit on the project
6. Determine the CPI for this project and the LCPI for the in-house work.