Question: You are a trade contractor in a project with a contract value of $ 1 1 Million and a duration of 5 months. You estimated

You are a trade contractor in a project with a contract value of $11 Million and a duration of 5 months. You estimated the cost to be $10 Million. Following is the breakdown of the estimated costs for each month (not cumulative):
Month #1: $1M
Month #2: $2M
Month #3: $4M
Month #4: $2M
Month #5:$1M
Retainage % is 10%, the billing cycle is 1 month, and the payment period is 1 month. Complete the following cumulative table:
DONT ROUND YOUR ANSWERS. For example, if the answer is $550,000, you should report it as 0.55. Another example: If the answer is $3,316,500, you should report it as 3.3165.
\table[[Month Expenses ($M),\table[[Earned value ($M)],[1,100,000]],\table[[Retainage ($M)],[0.11]],\table[[\table[[Billing ($M)],[0.99]]]],\table[[Payment ($M)],[0]],Capital ($M),\table[[Max Debt ($M)],[1,000,000
You are a trade contractor in a project with a

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Civil Engineering Questions!