Pm 592 Week 2 Assignment

2-1 Basic Estimating Problem

1. 15,000 35,000 50,

2. 400ft x per ft. 10,

3. 600 x (2) pieces of equipment 1,

4. 3,700 lbs @ per lbs 9,

Total Equipment/ Material 71,

Installation/Labor:

1. per hour x (8) hours per day per person

   per person x (2) per person x (2) days 1,

2. Fixed Labor 7,

Total Installation/Labor 8,

Overhead:

1. Engineering 15% of 71,190 10,

2. Inspection 3% of 8,620

3. Equipment 5% of 71,190 3, 8,620 x 5% 3,

Total Overhead 14,

Total project cost 94,

2-2 Three-point Estimate Problem

A) Price for the material is LB

The most optimistic price estimate is...