metadata:
  project: Kingsford Hotel Bacolod — BMS
  date: 2026-04-28
  source: A-031
  status: draft

overheads:
  overhead_and_margin:
    rate: 0.18
    basis: |
      Megaworld portfolio — mature relationship + standard MEP-coordinated
      install. 18% covers operational overhead + margin for a mid-tier
      hospitality+casino BMS engagement. Not above 20% because customer
      expectation in repeat Megaworld engagements is competitive.
  contingency:
    rate: 0.08
    basis: |
      Above standard 7.5% (per Op#11 commercial-rates queue note) to
      absorb the missing-drawings risk: G-105 (full EE set), G-106
      (BMS-04), G-111 (ECE-05/06), and the open PPCAS-14 markup
      (Q-011). Once drawings firm up, this can compress to 5-6%.
  taxes:
    rate: 0.12
    basis: "Standard Philippine VAT 12%"

basis_summary: |
  Greenfield + Megaworld + casino-MVAC + missing-drawings risk → contingency
  uplift from 7.5% to 8%. Overhead at standard 18% (mid-tier engagement).
  VAT 12% is statutory.