The preliminary cost for a 51,000 ft 2 aircraft hangar must be estimated. The co
ID: 2620654 • Letter: T
Question
The preliminary cost for a 51,000 ft2 aircraft hangar must be estimated.
The cost of the hangar is determined to be $ 5202000
The budget limit came in at $4.1 million. Perform two analyses: determine the maximum allowed size to be within budget at the first estimated unit cost, and determine the maximum unit cost to stay within budget and maintain the original size.
The maximum allowed size to be within budget at the first estimated unit cost is ft2.
The maximum unit cost to stay within budget and maintain the original size is determined to be $ per ft2.
Explanation / Answer
Original Size 51000 ft2 Original Cost 5202000 Original Cost per ft2 102 (5202000/51000) Budget 4100000 a maximum allowed size to be within budget at the first estimated unit cost= 4100000/102 = 40196 ft2 b maximum unit cost to stay within budget and maintain the original size. 4100000/51000 = 80.39 per ft2
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