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    Calculation of PB, CAR, WC Ins. & CIDB

    Uploaded by

    Jmin Jo
    3,500,000.00 The document contains calculations for performance bonds, contractor's all risk (CAR) insurance, construction industry development board (CIDB) levy, contract stamping, and worker's compensation (WC) insurance based on a contract sum of RM3,500,000. The performance bond calculation results in a rate of RM9,647, the CAR insurance calculation in a rate of RM5,799, the CIDB levy calculation in a rate of RM4,375, the contract stamping calculation in a rate of RM18,375, and the WC insurance calculation in a rate of RM2,119. Construction period, defect liability period, and profit percentages

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd

    Calculation of PB, CAR, WC Ins. & CIDB

    Uploaded by

    Jmin Jo
    1K views3 pages
    3,500,000.00 The document contains calculations for performance bonds, contractor's all risk (CAR) insurance, construction industry development board (CIDB) levy, contract stamping, and worker's compensation (WC) insurance based on a contract sum of RM3,500,000. The performance bond calculation results in a rate of RM9,647, the CAR insurance calculation in a rate of RM5,799, the CIDB levy calculation in a rate of RM4,375, the contract stamping calculation in a rate of RM18,375, and the WC insurance calculation in a rate of RM2,119. Construction period, defect liability period, and profit percentages

    Original Description:

    Calculation of PB, CAR, WC Ins. & CIDB

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    3,500,000.00 The document contains calculations for performance bonds, contractor's all risk (CAR) insurance, construction industry development board (CIDB) levy, contract stamping, and worker's compensation (WC) insurance based on a contract sum of RM3,500,000. The performance bond calculation results in a rate of RM9,647, the CAR insurance calculation in a rate of RM5,799, the CIDB levy calculation in a rate of RM4,375, the contract stamping calculation in a rate of RM18,375, and the WC insurance calculation in a rate of RM2,119. Construction period, defect liability period, and profit percentages

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    1K views3 pages

    Calculation of PB, CAR, WC Ins. & CIDB

    Uploaded by

    Jmin Jo
    3,500,000.00 The document contains calculations for performance bonds, contractor's all risk (CAR) insurance, construction industry development board (CIDB) levy, contract stamping, and worker's compensation (WC) insurance based on a contract sum of RM3,500,000. The performance bond calculation results in a rate of RM9,647, the CAR insurance calculation in a rate of RM5,799, the CIDB levy calculation in a rate of RM4,375, the contract stamping calculation in a rate of RM18,375, and the WC insurance calculation in a rate of RM2,119. Construction period, defect liability period, and profit percentages

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 3

    Calculation of Performance Bond

    Contract Sum =

    3,500,000.00

    5 % 0f Contract Sum =
    Premium Rate =

    175,000.00
    3.50%

    Construction Period (yr) =

    0.5

    DLP (yr) =

    Profit =

    5%

    9,647.00

    Rate (my$) =

    Calculation of CAR Insurance


    Contract Sum =

    3,500,000.00

    Agent Rate =

    0.1%

    Service Tax =

    0.005%

    Stamp Duty =

    10.00

    Construction Period (yr) =


    DLP (yr) =
    Profit =
    Rate (my$) =

    0.5
    1
    5%

    5,799.00

    Note : Construction period, DLP & profit shall change according to contract requirement.

    Calculation of CIDB Levy


    Contract Sum =

    Calculation of Contract Stamping


    3,500,000.00

    Levy Rate =
    Profit =
    Rate (my$) =

    Contract Sum =

    3,500,000.00

    0.125%

    Rate =

    0.5%

    0%

    Profit =

    5%

    4,375.00

    Rate (my$) =

    18,375.00

    Note : Effective from 1st January 2011

    Calculation of WC Insurance
    Contract Sum =
    15 % of Contract Sum =

    3,500,000.00
    525,000.00

    Agent Rate =

    0.25%

    Service Tax =

    0.005%

    Stamp Duty =

    10.00

    Construction Period (yr) =


    DLP (yr) =
    Profit =
    Rate (my$) =

    ge according to contract requirement.

    0.5
    1
    5%

    2,119.00

    ct Stamping

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