# 06 — Commercial rates (per Op#11)
metadata:
  project: Kingsford Hotel Bacolod — BMS
  date: 2026-04-28

basis_summary: |
  Greenfield (new construction), Construction Bulletin status (mature design),
  no existing-system inventory required, no after-hours premium needed.
  Risk register low (D3): main risks are scope clarification (Q-005 / Q-008
  guestroom FCU count) and brand confirmation (Q-013) — both are quantity/
  spec adjustments at shop-drawing stage rather than scope expansion.
  Rates tightened from legacy 20%/7.5% defaults.

overheads:
  overhead_and_margin:
    rate: 0.18
    basis: "Greenfield, mature design, standard PH hospitality contract — 18% covers G&A + profit at the lower end of the 15–25% typical band."
  contingency:
    rate: 0.06
    basis: "Construction Bulletin = mature design; main risks are scope clarification (Q-005/Q-008) and brand spec (Q-013), both refinements at shop-drawing stage. 6% — between minimum 5% (very-low-risk) and standard 7.5%."
  taxes:
    rate: 0.12
    basis: "Philippine VAT (12%) — standard."