Q#1: For the target schedule shown below: 0 - A - ND . 2 2 Act...

  

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Q#1: For the target schedule shown below: 0 - A - ND . 2 2 Act 3 A В 5 A B C D Bin 2 14 H C 12 E F G Totals U2 Target Schedule Start 0 3 2 Target Schedule And the following budget cost and pay prices: Budget Cost (S) 2,000 5,000 12,000 4,000 10,000 5,000 2,000 35,000 18 8 14 24 Finish 18 8 14 22 18 24 25 8 D A 14 22 E 10 18 F 10 24 24 Pay Qty (S/Unit) 8 10 6 LS 10 Payment Schedule Price 10 0 12 G 1 25 Price (S) 4,000 Project Indirect Cost = $200/day - Pay period = 10 working days. Payment (interim and final) is due in10 working days after pay request date. 500 1,000 10,000 3,000 18,000 8,000 8,000 1,000 10,000 1,000 5,000 0 0 55,000 Retention = 10% up to 5% of contract price. Lump Sum (LS) pay item is paid when the activity is complete. Retention is withheld until the end of the maintenance period. Based on the above Target schedule, Budget Cost, and Pay Prices: A) Is this a Balance Bid? Justify your answer. B) Find the markup amount and percentage used in pricing the project. C) Find the amount of the first and second payments for the Target schedule. D) Draw the cash-out (costs) and cash-in (payments) for the Target schedule. CIVE 480 B) Answers to Q#1: Based on the Target schedule, Budget Cost, and Pay Prices A) Markup amount -S Markup percentage = Pay Period Act. A B C D E F G A B C D E F G Amounts of First and Second Payments. Cumulative % Complete First Payment = Construction Management Second Payment = Final Payment = Qty Unit Price Price Pay Request Homework. Retention. Payment Period Payment Q#1: For the target schedule shown below: 0 - A - ND . 2 2 Act 3 A В 5 A B C D Bin 2 14 H C 12 E F G Totals U2 Target Schedule Start 0 3 2 Target Schedule And the following budget cost and pay prices: Budget Cost (S) 2,000 5,000 12,000 4,000 10,000 5,000 2,000 35,000 18 8 14 24 Finish 18 8 14 22 18 24 25 8 D A 14 22 E 10 18 F 10 24 24 Pay Qty (S/Unit) 8 10 6 LS 10 Payment Schedule Price 10 0 12 G 1 25 Price (S) 4,000 Project Indirect Cost = $200/day - Pay period = 10 working days. Payment (interim and final) is due in10 working days after pay request date. 500 1,000 10,000 3,000 18,000 8,000 8,000 1,000 10,000 1,000 5,000 0 0 55,000 Retention = 10% up to 5% of contract price. Lump Sum (LS) pay item is paid when the activity is complete. Retention is withheld until the end of the maintenance period. Based on the above Target schedule, Budget Cost, and Pay Prices: A) Is this a Balance Bid? Justify your answer. B) Find the markup amount and percentage used in pricing the project. C) Find the amount of the first and second payments for the Target schedule. D) Draw the cash-out (costs) and cash-in (payments) for the Target schedule. CIVE 480 B) Answers to Q#1: Based on the Target schedule, Budget Cost, and Pay Prices A) Markup amount -S Markup percentage = Pay Period Act. A B C D E F G A B C D E F G Amounts of First and Second Payments. Cumulative % Complete First Payment = Construction Management Second Payment = Final Payment = Qty Unit Price Price Pay Request Homework. Retention. Payment Period Payment

Answer rating: 100% (QA)

Answer A This is not a balance bid because the bid amount is going greate... View the full answer