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Lincoln Medical Center
J-1031Keystone Builders · Mount Laurel, NJ
In ProgressFinish
Labor over budget · 11% overMedical office build-out, mold-resistant board, strict inspection schedule.
Contract
Original Contract
$96,000
Approved COs
$0
Current Contract
$96,000
Pending COs
$5,400
Labor
Estimated Hours
880 hrs
Actual Hours
980 hrs
Labor Variance
+11.4%
Actual Labor Cost
$44,100
▲ Labor is 11% over the estimate (980 of 880 hrs).
Materials & Projection
Est. Material
$22,000
Actual Material
$21,000
Projected Cost
$66,100
Projected Margin
31.1%
Projected profit $29,900 on a current contract of $96,000 · target margin 22%. Approving pending change orders would add $5,400 to the contract.