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Why allow for profit and attendance in prime cost sum?
As these are part of works in the main contract and to be tendered out to other parties, the Main Contractor shall be paid a small percentage say 2-4% for profit and attendance of the PC sum items allocated by the Client. Further more, the Main Contractor shall still be liable to coordinate the said prime cost items with the main work of the same contract.
What is the average profit margin of the furniture industry?
Contract furniture manufacturer profit margin is between 30-35%. Distributor or "Dealer" profit margin is 20-25%.
What is an acceptable Gross profit for building material companies?
18 to 30 %
Division of profit and losses in partnership?
Profits and losses are shared evenly Except otherwise stated in the contract.
What is some information one needs to know when building a business?
Some information that you need to know when building a business is where your revenue will be coming from. You will need to be in control of your revenue and expenses in order to earn a profit.
Why allow for profit and attendance in prime cost sum?
As these are part of works in the main contract and to be tendered out to other parties, the Main Contractor shall be paid a small percentage say 2-4% for profit and attendance of the PC sum items allocated by the Client. Further more, the Main Contractor shall still be liable to coordinate the said prime cost items with the main work of the same contract.
In contract costing profit can be recognised only when the contract is completed?
In contract costing, the profit is only guaranteed when the actual contract is completed because the prices keep changing. There is usually a slight variation between projected profit and the actual figures.
Profit and attendance?
All companies strive to have their profits increase every year. One way that this can happen, is to have the employees have a good attendance record so the work gets done.
Can an Ijara contract be a discounted contract for the purpose of calculating profit?
The Ijara contract cannot be discounting. because on the date of the contract you don't agree the profit amount with the customer. Under actual business scenario, you will link the Ijara to a LIBOR / EIBOR rate feeds.
What motivated the construction of Empire State Building?
Profit.
What is the average profit margin of the furniture industry?
Contract furniture manufacturer profit margin is between 30-35%. Distributor or "Dealer" profit margin is 20-25%.
Name and list the roles of five personnel who are concerned in the building contract?
Name and list the roles of five (5) personnel who are concerned in the building contract.
What insurance company offers an upgrade in your car in case of accident?
None. Your auto insurance policy is a contract of indemnity. Not a contract of profit.
Can a building owned by a not for profit rent space?
The simple answer is yes
What are the factors involved in pricing general and special attendance on a contract?
Factors involved in pricing general and special attendance on a contract include the scope of services required, the level of expertise and experience of the attendees, the duration of the event, any additional services or accommodations needed, and market demand. Special attendance may command a higher price due to specialized skills or unique requirements. Pricing should also consider any travel expenses, equipment costs, and overhead expenses associated with providing the attendance services.
What is the purpose of an extended service contract?
To keep existing client and maintain profit revenue
What is an acceptable Gross profit for building material companies?
18 to 30 %
