metadata:
  project: Kingsford Hotel Bacolod — BMS
  date: 2026-04-28
  basis_summary: |
    Greenfield hospitality + casino. Drawings still partly evolving (Q-001 guestroom
    scope, Q-002 mech layout open). Commercial-rate calibration:
    - Overhead/margin held near baseline (18%) — typical Megaworld project.
    - Contingency raised to 9% (above 7.5% baseline) due to open guestroom scope
      and missing mech-layout drawings; risk-register-driven.
    - VAT at standard 12% (no tax-shielded customer signal).

overheads:
  overhead_and_margin:
    rate: 0.18
    basis: "Greenfield hospitality, recognised customer (Megaworld), known scope shape; standard 18% margin band."
  contingency:
    rate: 0.09
    basis: "Q-001 (guestroom controls scope) and Q-002 (mech layout) open at submission; raise contingency from baseline 7.5% to 9% to reflect scope-firming risk. Drop back to baseline if both close before award."
  taxes:
    rate: 0.12
    basis: "Standard Philippine VAT, customer is non-tax-exempt corporate."