Let us assume that based on collation of past project data, an estimater has det

Question

Let us assume that based on collation of past project data, an estimater has determined the following history factor data for an industrial type project. The data tabulated below indicate the percentage cost of each major trade for the building as a percentage of the expected equipment cost. For a proposed industrial project, the estimator has obtained an equipment quote from the supplier equal to $840,000. Assuming that the proposed project is similar to the projects for which the firm has collected history factor data, determine the estimated cost of the building and the estimated cost for the individual work trades.

Explanation / Answer

Equipment cost $                    840,000.00 Major trade work Percentage of Equipment cost Estimated cost of building Excavation 15% $                             126,000.00 Foundation 20% $                             168,000.00 framing 25% $                             210,000.00 Finishing 18% $                             151,200.00 Piping 12% $                             100,800.00 Elecetriacl 24% $                             201,600.00 Plumbing 22% $                             184,800.00 Mechanical 26% $                             218,400.00 Total 162% $                         1,360,800.00 Total cost of Building $                1,360,800.00

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