Course Solutions Uncategorized Project Secured Contract Price 600 Million Estimated Cost 400 Million Due Rise Input Mater Q34230069

Project Secured Contract Price 600 Million Estimated Cost 400 Million Due Rise Input Mater Q34230069

A project was secured at a contract price of $600 Million andthe estimated cost was $400 million

Due to rise in input material an item was to be purchased at 70million was purchased at 100 million with a deley of 1 month Othercost for first two month was same

Other items estimated to be purchased at the end of projectestimate at 150 million will cost 20% extra The delay will cost onemonth working hours costing 20 million

There is no penalty and Clint will pay 600million. At the end ofthe two month revenue billed to client was 300 million and paymentmade by client

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