The following is a breakdown of supplying and installing a piece of equipment to a project owner, at the time of contract: EGP Cost of equipment 250,000 Manpower (installation) 50,000 Overhead and profits 70,000 i – Calculate the price of supplying and installing the equipment ii – If the supply and installing of the equipment was delayed by the project owner, calculate the escalated price of works based on the FIDIC Red Book 1990 formula given: Updated cost of equipment 270,000 EGP Base price index of manpower 123.2 Updated price index of manpower 144.9

The following is a breakdown of supplying and installing a piece of equipment to a project owner, at the time of contract: EGP Cost of equipment 250,000 Manpower (installation) 50,000 Overhead and profits 70,000 i – Calculate the price of supplying and installing the equipment ii – If the supply and installing of the equipment was delayed by the project owner, calculate the escalated price of works based on the FIDIC Red Book 1990 formula given: Updated cost of equipment 270,000 EGP Base price index of manpower 123.2 Updated price index of manpower 144.9

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 46P

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