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Cost Estimation

Category: Accounting & Finance Paper Type: Homework Writing Reference: N/A Words: 200


Elmwood Park Road Resurface/Repair Project

Item/Description

Quantity UNIT

Unit Cost

Total Cost

Excavation

2

275

550

removing concrete

24

627

15048

Removing asphalt

2

1356

2712

Removing light poles

114

416

47424

Concrete surface milling

2

500

1000

installing new signs

5

400

2000

Pouring asphalt

12

517

6204

Pavement marking paint

30

1084

32520

Paint striping

90

725

65250

installing new light poles

13

809

10517

Total Construction Cost

 

 

183225

Design Cost

 

5496.75

Contingency

 

54967.5

Total Project Cost

 

 

243689.25

         For the resurfacing of the road first the road will be excavated to make room for the new asphalt surfacing. 2 machines are decided to use for the excavation of the road. NDOT sources are being used for evaluating the unit cost of the excavation. On the road 5 new signs are going to be installed which have estimated price of 400 each.


In the above figure it can be seen that the road is approximately 1 km long. 

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