Project Milestone Review Purpose of Review Reviewers Plans Make sure we have the plans for bids and permits Michelle & Bryne Get bids from suppliers for windows, cabinets appliances, plumbing fixtures, lighting fixtures, flooring, doors Make sure suppliers can meet our timelines. Michelle Permits & Plans Make sure we have the permits to do the remodel and garage Michelle Make downpayments on supplies - custom windows, cabinets Make sure we can get supplies when we need them Michelle Phase I and 2 Demolition Make sure the house is ready for the remodel Mark Reroof the house Make sure the roof is done Mark Frame wal ls, ins ta ll windows and fren ch do ors Make sur e the framing i s done for th e remodel Mark HVAC basement bedroom Make sure we have the HVAC done before we frame or rock for bedroom Mark Upgrade Electrical Service Make sure we have the electrical power we need for the house Bryne Side new sections of house Make sure house is ready for painting Bryne Paint exterior of house Make sure house looks good on the outside Bryne Rough in Electri ca l with smart w irin g a nd fixtures Brin g e lectrical sy st em up to cod e Bryne Put in new septic tank Make sure it works Bryne Rough in Plumbing Make sure we have the plumbing for fixtures Bryne Insulation Make sure we have pipes wire wrapped and walls insulated Bryne Sheet rock Make sure we have the walls ready for painting Bryne Interior Paint Make sure we have walls ready for flooring Bryne Install lighting fixtures Make sure lighting works Install cabinets Make sure appliances fit with cabinets Mark Install appliances Make sure all appliances work Mark Install counter tops Make sure it all fits Mark Install plumbing fixtures Make sure fixtures work Mark Do fi ni sh wo rk wi th tr im, b ui lt in bo ok shel ves. Make sure the b ui lt ins are do ne to code Mark Install flooring Make sure we get the flooring we spec’d out. Mark Final inspection Make sure we are ready to move our stuff in Michelle & Bryne
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Data input Calculated Data input Calculated Data Input Data Input
Interim Deliverable
Min Time
Scheduled
(hours)
Cost
Budgeted
Labor
Cost
Budgeted
(equipment) BAC
Work
Planned to
Date
(hours)
Percent
complete
Example 6.5 292.5 $937.50 $1,230.00 3.25 80.00%
Plans 60 9000 $450.00 $9,450.00 45 50.00%
Demolition 0 $2,000.00 100.00%
Crawl Space Door 0 0 $800.00 100.00%
Pest Control 500 100.00%
Totals 60 9000 450 12750 45 100
NotePlanned for This MonthPlanned for Next MonthPlanned but didn't think we'd need it for this project
The architect did the work but billed us in March for the work in February. Since we are doing acash based accounting, the bill for that work will show up in March. The bill we paid for thiswork is for 50% of the work.This shows we are pretty close to our budget for feb, and we are a little behind schedule - butmostly that is because of the way we are doing the accounting for the project with the architect.The actual budget for Feb was $7200. We spent $7350 for the project - we had 2800 ofexpenses that were scheduled from March but moved to Feb. And we had a $500k pestremoval fee we didn't anticipate.For March, we have to add in another 5k for Plans. It is going inthe permit milestone. It changes cash flow estimate for March from 31.9k to 35.9k. Howeverwe still do not know the permit fee from the county so it is likely going to be less.