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Material Type: Assignment; Class: Construction Management; Subject: CE-Civil Engineering; University: Purdue University - Main Campus; Term: Fall 2007;
Typology: Assignments
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(Chapter 9)
Assigned: Friday, October 12, 2007 Due: Friday, October 19, 2007
Grade: ___________________ Name: ___________________________________
Excellent (95-100%) Satisfactory (75%-95%) Unsatisfactory (below 75%)
Computations (9 points) Calculations shown and fully explained – neatly and logically
Minor errors in calculation, steps in calculations not documented
Incorrect calculations, missing steps in calculations
Documentation (1 point) Follows documentation and formatting procedures as shown in class handout
One of the following standards missing: Title information incorrectly placed. Messy, illegible handwriting
Two or more of the formatting and documentation procedures were not followed
Given the following cost expenditures for a small warehouse project, calculate the peak financial requirement. Assume a 8% markup. Retainage is 5% throughout the project. Finance charge is 18% per annum. Payments are billed at the end of the month and are received one month later. Draw the overdraft profile, and present the total costs, billings and payment on the same figure. (Note: When calculations give decimals, round up to the next dollar) (10 pts)
Direct Cost 10000 45000 55000 15000 Indirect Cost 1000 2500 3000 1200
1 2 3 4 5 Direct Cost 10000 45000 55000 15000 Indirect Cost 1000 2500 3000 1200 Total Cost 11,000^ 47,500^ 58,000^ 16,
Total Billed ( 8% markup) 11,880^ 51,300^ 62,640^ 17,
Retainage withheld (5%) 594 2,565^ 3,132^0
Payment received 11,286^ 48,735^ 59,508^ 23,
Total cost to date 11,000^ 58,500^ 116,500^ 132,700^ 132,700^ 132,
Total amount billed to date 11,880^ 63,180^ 125,820^ 143,
Total received to date 11,286^ 60,021^ 119,529^ 143,
Overdraft at end of month 11,000^ 58,665^ 106,260^ 75,319^ 16,941^ -6,
Interest on overdraft balance 165 881 1,594^ 1,130^254 (1.5% interest per month)