Item 31.5.4
Considering 6 points SPT execution in 0.53 day
(i) Foreman (1 x 35% per day x 0.53 day) 0.19 manday @ 350 each = 66.5
(ii) Rig operators
(1 x 35% per day x 0.53 day) 0.19 manday @ 300 each = 57
(iii) Helper to rig operators
(6 x 35% per day x 0.53 day) 1.11 manday @ 250 each = 277.5
(iv) Incidental, sundries etc. L.S. = 22.5
Total = 423.5
Profit 0.1 = 42.35
Overhead 0.035 = 14.82
= 480.67
Add VAT with adjustment factor 1.04712 0.045 = 22.65
Grand total = 503.32
Rate per point = 83.89
Say, 84 .00 Per point
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