Required:- Calculate the contract value, the monthly value of the planned work to be completed (Budget value) and the monthly amounts (payments) that expected to be received (Expected payments) If the ratio of profit that the contractor desires is (15%) and the contract for this type of project provides for the deduction of the amount of 5% (retention rate) from value of monthly payments to pay 50 of the total deductions upon completion of the work and pay the remaining 50 after the end of the maintenance period of 3 months and the first monthly payment received after one month from the start of the project, Draw the curves of the value of the planned work done and the amounts expected to be received.

Required:- Calculate the contract value, the monthly value of the planned work to be completed (Budget value) and the monthly amounts (payments) that expected to be received (Expected payments) If the ratio of profit that the contractor desires is (15%) and the contract for this type of project provides for the deduction of the amount of 5% (retention rate) from value of monthly payments to pay 50 of the total deductions upon completion of the work and pay the remaining 50 after the end of the maintenance period of 3 months and the first monthly payment received after one month from the start of the project, Draw the curves of the value of the planned work done and the amounts expected to be received.

Elements Of Electromagnetics

7th Edition

ISBN:9780190698614

Author:Sadiku, Matthew N. O.

Publisher:Sadiku, Matthew N. O.

ChapterMA: Math Assessment

Section: Chapter Questions

Problem 1.1MA

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Concept explainers

Automation in manufacturing processes

The term automation refers to the technique through which the creation of an apparatus takes place using an automatic process or a system. Let us try to understand this with an example.

Question

Q3/ A construction project have the following data in the table below:-
Activity Duration
(weeks)
Activity total
cost ($)
400
Critical Activity
Dependency
A
B.
5
350
3
A
300
D
3
12
B
450
E
960
F
15
A. B
600
Total project cost = EActivity total cost ($)
3060
Required:-
Calculate the contract value, the monthly value of the planned work to be completed
(Budget value) and the monthly amounts (payments) that expected to be received
(Expected payments) If the ratio of profit that the contractor desires is (15%) and the
contract for this type of project provides for the deduction of the amount of 5% (retention
rate) from value of monthly payments to pay 50 of the total deductions upon completion of
the work and pay the remaining 50 after the end of the maintenance period of 3 months
and the first monthly payment received after one month from the start of the project, Draw
the curves of the value of the planned work done and the amounts expected to be received.

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Step 1: Write the given data and what is to find

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Step 2: Create the activity duration table:

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Step 3: The network diagram for the project, along with activity time is:

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Step 4: Prepare the network diagram:

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