Construction Contracts – Example 5 ??

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February 17, 2012 at 10:36 am #51515
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 🙂
February 23, 2012 at 1:04 pm #94602
marky123
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Mike has now assisted in Ask The Tutor forum.
February 28, 2012 at 1:04 pm #94603
MikeLittle
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Thank you Marky
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