Cost Estimate
Cost Estimate
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Indirect Cost Assumptions
Indirect Cost Assumptions
- Equipment is rental (ie. no ownership costs associated with them)
- Bond cost based off interest rate of 5 years in China (MARR)
- The grading work was treated as a subcontract
- Mobilization Costs ie. fences, move in/move out, cleanup (for overhead and profits) were assumed to be 7-10% of the total direct costs
- For contingency, the soil type, moisture and degree of internal friction of the soil are evaluated in lab tests. These items will affect the overall project costs; therefore, if they were unknown a higher percentage of contingency is required
- Insurance, Permits and Engineering fees were based off average percentages
Total Project Costs
Total Project Costs
- Our total bid price for this project is $759,916.23 which is shown in the table above
- We separated our costs for both work packages including labour cost, equipment cost and total crew cost for each job number, which can be seen in the tables below
- The costs were based off ideal crew productivity and each job duration
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