The total retained amount will be paid to contractor

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Unformatted text preview: 0%) by both client and contractor. The total retained amount will be paid to Contractor with his\her last Progress Payment. 2. Markup is five percent (5%) 3. The interest rate is one percent (1%) per month. 4. There are four (4) weeks in a month. 5. The total indirect cost is $5,032. 6. The payment is received one month after billing (i.e., two months delay). Number 1 2 3 4 5 6 7 8 9 10 11 Activity A B C D E F G H I J K Month Direct Cost: Indirect Cost: Subtotal: Markup: Total Billed: Retainage withheld: Payment received: Total Cost to Date: Total Amount billed to Date: Total Paid to date: Overdraft end of Month: Interest on Overdraft Balance: Total Amount Financed: Max Overdraft: Total Interest:...
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This document was uploaded on 01/19/2014.

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