Due to delays in the finalization of contracts,building of a stadium commenced three months after the scheduled date.
1.1 If the original time for completion was set at 24 months,how much time was then available for completion.
2.2 Express the new duration as a ratio of the original duration.
2.3 The original value of the contract was R280 million and the profit budgeted was R35 million. How much did the contracter expect to spend on the project?
2.4 Express the profit as a percentage of the contract price.
2.5 What impact would the delay have on the contracter regarding:
(a)workforce
(b)profits
2.6 Suggests ways in which these problems can be overcome.
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