engineering economicsanswer by solving it accordingly A building contractor is faced with the problem of possibly paying liquidation damages of PhP 2,000.00per day for the delay in the completion of his work in accordance with a contract. The facts are as follows:(a) Number of days left on the contract time = 30 days(b) At present the working force is:40 skilled workers with daily wage of PhP 40.00 each20 unskilled workers with daily wage of PhP 20.00 each(c) The daily wage is based on an 8-hour day's work(d) If he maintains the present number of men he will finish the work in 50 days(e) Overtime rate is 25% more than regular rate.Analyze the following cases:Case 1: If he allows the present working force to work overtime of 2 hours a day, in how many days willhe finish the work? How much are his savings or loss?Case II: If the contractor puts additional men maintaining the ratio of two skilled workers to one unskilledworker in order to finish the work on time, how many will he add in order to finish the work on time, howmany will he add? Consider no overtime work.Case III: Should the contractor allow overtime work of two hours a day, how many men will he add inorder to finish the work on time? How much will he save or loss?

Building contractors Liquidated Damage = 20,000 per day for delay. No. of days left for contract…

Answered: A building contractor is faced with the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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you can also use excel A new engineering graduate who started a consulting business borrowed money for 1 year to furnish the office. The amount of the loan was Php 1,500,000, and it had an interest rate of 10% per year. However, because the new graduate had not built up a credit history, the bank made him buy loan-default insurance that cost 5% of the loan amount. In addition, the bank charged a loan setup fee of Php 20,000. What was the effective interest rate the engineer paid for the loan?
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FEMA (Federal Emergency Management Agency) has ordered 25 specialized test units capable of field checking 15 separate elements in potable water inemergency situations. Thompson Water Works, Inc., the contractor, took 200hours to build the first unit. If direct and indirect labor costs average $50 perhour, and an 80% learning rate is assumed, estimate (a) the time needed to complete units 5 and 25, and (b) the total labor cost for the 25 units.

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