Question: The table and graph below represent a contractor's overdraft requirements for a project. Based on an estimation of mobilization expenses, the contractor receives a mobilization

 The table and graph below represent a contractor's overdraft requirements for

The table and graph below represent a contractor's overdraft requirements for a project. Based on an estimation of mobilization expenses, the contractor receives a mobilization payment at the end of the first month to help cover their mobilization expenses. Complete the table below and determine the amount of mobilization payment at the end of the first month The contractor considers a markup of 15% and is charged a monthly interest of 1.5% by bank. According to the contract, the client is billed at the end of each month and is responsible to pay the bill by the end of next month A retainage, as per terms outlined in Alberta's Builders' Lien Act (section 18(1)) will be applied to each payment. In developing the cash flow, it is assumed that no lien or complaints will be put against the project and the retainage will be released as soon as the Lien act allows for it. Note: The lower numbers in the graph include the overdraft + interest. SHOW ALL CALCULATIONS AT EVERY STEP! 17,048 17,048 3,315 5,087 0 18,677 -21,315 33,452 -40,412 -58,314 -71,230 4 Direct cost Indirect cost Total cost Mark up Total worth Retainagee Pay received $4,000 $6,500 $6,500 $4,000 $0

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