HD in Civil Engineering (EG114101 Spring Semester 2019-2020 Construction Contract Administration (CON 3372) Tutorial 7— Final Account The original contract was signed in the sum of $112,725,000.00. Adjustments to the contract sum are as summarized below:~ > The suspended ceiling to all rooms is changed to metal strips to acoustic board ceiling, making a saving of $ 215,000.00. > The diameter of circular reinforced concrete columns is revised 625 mm to 850 mm large, costing an additional of $ 575,000.00 > The Provisional Sum of 150,000.00 for Security System is no Jonger required and is deleted as per Engineer's Instruction, > Some materials are found to be defective and the Contractor replaced the defective materials, costing $120,000.00. > Engineer's Instruction is issued changing the quality of concrete from 40/20D to 30/20D, saving $200,000.00. > The Contractor submitted a Claim for Loss & Profit of $ 550,000.00 and the Engineer approved an amount of $250,000.00. Calculate the final contract sum based on the above given information.HD in Civil Engineering (EG114101 Spring Semester 2019-2020 Construction Contract Administration (CON 3372) Tutorial 7— Final Account (Suggested Answers) Signed Contract Sum 112,728,000.00 Ion Ada: @ Change of column size 575,000 i. Claims for Loss & Profit 250,000 113,550,000.00 Deduct: Change of Suspended Ceiling 218,000.00 Delete Provisional Sum 150,000.00 } Change of RC quality 200,000.00 Final Contract Sum 112,985,000.00