10 Jul CM 352 Const Finance and Accounting Class
Question Description
CM 352 FINAL CHECKLIST
Master Schedule completed?
Schedule of Work completed?
Will you reach final completion in two hundred sixty four (264) Calendar Days from the Notice to Proceed?
Did you schedule three or four properties per week?
Bid Form or similar filled out?
What are the Opportunity Costs associated with accepting the Project, should you win it?
How will you deal with your current base of established clients if/when you win the bid? Prevailing Wage:How much?
How extensive will your active involvement need to be?
What is your projected gross profit for the bid?
How does that compare with what you are doing now relative to the time considered?
Do you have sufficient working capital to meet the requirements of the Contract?
________________________________________________
I am providing the following information for your use in calculating your cost estimate:
The total square footage of all the drywall to cover the ductwork is 2100 square feet.
The average cost for the work is $2.30 per square foot (that includes material and labor)
The cost of taping and painting is $1.00 per square foot but does not include the cost of paint.
Don’t forget to add your overhead and profit park-up to the totals.
_______________________________________________
Attached are the two documents we talked about. Use the fifth year of the financial statement as the determining factor of your go/no go decision to do the project. To use this as what you would do in the 6th year, you should increase the totals in each category by 9% to see how doing nothing additional would match up.
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