Course Solutions Uncategorized Builder Xyz Gave Complete Contract Making Building Abc Contractors Fixed Price Basis Proje Q34239639

Builder Xyz Gave Complete Contract Making Building Abc Contractors Fixed Price Basis Proje Q34239639

Builder XYZ gave the complete contract for making a building to ABC contractors on Fixed Price basis. To do this project ABC Contractors was expected to deploy two types of resources, at agreed rates and expected man-months. However, the actual manpower that was needed was slightly different. 1. Agreed man-months Actual man- Agreed Rate (Rs. / man-month) 100months 12 80 10 100 Engineers Workers 20 The total material cost expected was Rs. 400. The actual material used was worth Rs. 500 Calculate the payment that Builder XYZ will make to ABC contractors 3 marks)Builder XYZ gave the

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