Technological Institute of the Philippines

1338 ARLEGUI ST., SAN MIGUEL, MANILA, 1005, METRO MANILA

COLLEGE OF ENGINEERING

CIVIL ENGINEERING DEPARTMENT

CONSTRUCTION COST ENGINEERING

ASSIGNMENT 6

Submitted by

PLATOON N. BEJER

Submitted to

ENGR. RAMON ESPIRITU JR.

June 14, 2021

 PROBLEM 1

Determine the Following using the Job Data in the Table:

a. Current contract price

b. Credit or debit to date

c. Contract value of uncompleted

work

d. Credit or debit to come

e. Estimated final gross profit

f. Estimated total project costs

g. Estimated Profit to date

Status of Jobs
Job 5 ($) Job 6 ($)
Underway
Original Contact
3800 5630
price
Contract Changes 600 -300
Total Cost to Date 1710 620
Payments received
1830 340
or due to date
Estimated cost to
2300 5000
complete

SOLUTION FOR JOB 5

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 J
o
Status of Jobs
b
Underway

5
3
8
Original Contact price
0
0
6
Contract Changes 0
0
1
7
Total Cost to Date
1
0
1
Payments received or 8
due to date 3
0
2
Estimated cost to 3
complete 0
0

a. CURRENT CONTRACT PRICE

Current Contract Price=Original Contract Price+ Contract Changes

Current Contract Price=$ 3,800+ $ 600=$ 4,400

b. CREDIT OR DEBIT TO DATE

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d. CREDIT OR DEBIT TO COME

Credit ∨Debit ¿ come=Contract Value of Uncompleted Work−Estimated Cost ¿ Complete

Credit ∨Debit ¿ Come=$ 2,570−$ 2,300=$ 2 70

e. ESTIMATED FINAL GROSS PROFIT

Estimated Final Gross Profit=Credit ∨Debit ¿ date+Credit ∨Debit ¿ come

Estimated Final Gross Profit=−$ 120+ $ 270=$ 1 50

f. ESTIMATED TOTAL PROJECT COST

Estiamted Total Project Cost =Contract Price−Gross Profit

Estimated Total Project Cost =$ 4,400−$ 150=$ 4 , 250

g. ESTIMATED PROFIT TO DATE

Estiamted Profit ¿ date=Estimated final gross profit × Proportion of work completed

Estimated Total Project Cost =$ 150 × ( $$ 1,4 ,710

250 )
=$ 60.353

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 SUMMARY OF ANSWERS FOR JOB 5

Variable Value ($)

Current Contract Price 4,400
Credit or Debit to date -120
Contract Value of 2,570
Uncompleted Work
Credit or Debit co come 270
Estimated Final Gross Profit 150
Estimated Total Project Costs 4,250
Estimated Profit to date 60.353

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 SOLUTION FOR JOB 6

Status of Jobs Underway Job 6

Original Contact price 5630
Contract Changes -300
Total Cost to Date 620
Payments received or due to
340
date
Estimated cost to complete 5000

a. CURRENT CONTRACT PRICE

Current Contract Price=Original Contract Price+ Contract Changes

Current Contract Price=$ 5,630+ (−$ 3 00 ) =$ 5,330

b. CREDIT OR DEBIT TO DATE

Credit ∨Debit ¿ date=Total costs ¿ date−Payments received ∨due

Credit ∨Debit ¿ date=$ 620−$ 340=$ 280

c. CONTRACT VALUE OF UNCOMPLETED WORK

Contract Value of Uncompleted Work =Current Contract Price−Payments received ∨due

Contract Value of Uncompleted Work =$ 5,330−$ 340=$ 4990

d. CREDIT OR DEBIT TO COME

Credit ∨Debit ¿ come=Contract Value of Uncompleted Work−Estimated Cost ¿ Complete

Credit ∨Debit ¿ Come=$ 4,990−$ 5,000=−$ 10

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e. ESTIMATED FINAL GROSS PROFIT

Estimated Final Gross Profit=Credit ∨Debit ¿ date+Credit ∨Debit ¿ come

Estimated Final Gross Profit=$ 280+(−$ 10)=$ 270

f. ESTIMATED TOTAL PROJECT COST

Estiamted Total Project Cost =Contract Price−Gross Profit

Estimated Total Project Cost =$ 5,330−$ 270=$ 5,060

g. ESTIMATED PROFIT TO DATE

Estiamted Profit ¿ date=Estimated final gross profit × Proportion of work completed

Estimated Total Project Cost =$ 27 0 × ( $$5,060

620
)=$ 33.083

SUMMARY OF ANSWERS FOR JOB 6

Variable Value ($)

Current Contract Price 5,330
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 Credit or Debit to date 280
Contract Value of 4,990
Uncompleted Work
Credit or Debit co come -10
Estimated Final Gross Profit 270
Estimated Total Project Costs 5,060
Estimated Profit to date 33.083

I affirm that I shall not give or receive any unauthorized help on this assignment and
that all work shall be my own

PLATOON N. BEJER

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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As a future construction project manager, why is it important to understand the
Project Management Information System? Specify at least (3) reasons. Defend your
answer.

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