During the buyout, the subcontactors shown in Table B below were signed and the purchase orders shown in Table C below were issued. No additional costs are expected for the contracts in Table B and the purchase orders in Table C. A purchase order has been issued for concrete for $115 per cubic yard. This price is 5% below the costs used in the budget.

You have a meeting with the project owner to discuss the financial status of the project. Using the committed cost worksheet used during the class (or Figure 4-1of the textbook), update the estimated cost at completion (ECAC) and determine if the project is over and under budget.

Table B: Subcontracts

Code	Description	Contract Amount
04100	Masonry	$42,136
05900	Erection	$8,200
07200	Insulation	$1,802
07500	Roofing	$8,875
08400	Store Fronts	$9,100
09100	Drywall	$6,898
09200	Ceramic Tile	$1,999
09300	Acoustical Treatment	$6,995
09400	Carpet and Vinyl	$5,354
09800	Paint	$8,000
12300	Cabinetry and countertops	$9,865
21100	Fire Sprinklers	$7,000
22100	Plumbing	$22,115
23100	HVAC	$23,850
26100	Electrical	$17,825
31100	Grading and Excavation	$6,150
32100	Asphalt	$17,569
33100	Sanitary Sewer	$1,359
33200	Water Line	$1,125

Table C: Purchase Orders

Code	Description	Budget
05100	Structural Steel	$10,250
05300	Joist and Deck	$15,500
06120	Lumber	$875
07700	Roof Specialties	$945
08110	Metal Doors and Frames	$2,725
08700	Hardware	$1,864
10400	Signage	$486
10800	Toilet and bath Accessories	$965