metadata:
  project: Kingsford Hotel Bacolod — BMS (AB-Run-6)
  date: 2026-04-28
  basis_summary: |
    Per-project commercial-rate tuning per Operating Principle #11. Anchor against
    the legacy 20%/7.5%/12% defaults in _playbook/checklists/standard-pricing-defaults.yaml
    and adjust per Kingsford-specific risk profile.

overheads:

  overhead_and_margin:
    rate: 0.20
    basis: |
      Standard medium BMS-contractor overhead-and-margin (G&A + profit) for a hospitality
      greenfield. No reduction for repeat customer (first Megaworld engagement in this
      framework — `_customer-kb/megaworld/` is a STUB). No premium for unusual scope.

  contingency:
    rate: 0.06
    basis: |
      Reduced from legacy 7.5% to 6%. Reasoning: drawings are reasonably mature
      (Construction Bulletin No.8 is the latest revision; consultant points list is
      explicit and reviewed by Megaworld); scope-shape is Pattern 1 turnkey with no
      retrofit risk. Open RFIs (Q-001 through Q-015) are documented and flagged but
      none are scope-redefining. Risk register (D3) carries only one HIGH item — the
      Q-001 wording-mismatch RFI on rehab vs greenfield, with a known impact range
      (~PHP 2-4M). Project-specific 6% covers the documented risks at the typical
      hospitality risk profile, not at the legacy "all-risk-class" rate.

  taxes:
    rate: 0.12
    basis: |
      Standard Philippine VAT applied at the (base + overhead + contingency) grand total.
      Megaworld is a VAT-registered taxpayer; output VAT applies in full.