Construction Contracts – Example 5 ??

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  • Avatar of marky123
    marky123
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    Hi please can anyone help.
    Chapter 13 – Example 5.

    In answers, General Costs are $ 750,000. (For year 2)
    Can anyone show me how this is arrived at? I only get it to $ 715,000 ??

    My workings:
    Costs to Date 500,000
    Estimated to completion 600,000


    1,100,000 @ 65% = 715,000

    Any help much appreciated :-)


    Avatar of marky123
    marky123
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    Mike has now assisted in Ask The Tutor forum.


    Avatar of MikeLittle
    MikeLittle
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    Thank you Marky

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