Item 31.5.3
Considering 6 points SPT execution in 0.48 day
(i) Foreman (1 x 30% per day x 0.48 day) 0.14 manday @ 350 each = 49
(ii) Rig operators
(1 x 30% per day x 0.48 day) 0.14 manday @ 300 each = 42
(iii) Helper to rig operators
(6 x 30% per day x 0.48 day) 0.86 mandays @ 250 each = 215
(iv) Incidental, sundries etc. L.S. = 22.5
Total = 328.5
Profit 0.1 = 32.85
Overhead 0.035 = 11.5
= 372.85
Add VAT with adjustment factor 1.04712 0.045 = 17.57
Grand total = 390.42
Rate per point = 65.07
Say, 65 .00 Per point
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