Construction Cost Analysis and Estimating: A project requires 17,000 allowed hours. Location of the work is...
Construction Cost Analysis and Estimating:
A project requires 17,000 allowed hours. Location of the work is above the arctic circle, and the efficiency is estimated as 45%. Is the gross hourly cost is $50, then what is the estimated cost? If the work is in Texas, hourly cost is $30, and an efficiency of 85% is assumed, then what is the cost of direct labor?
Homework Answers
Hours required = 17,000
Arctic Circle:-
Efficiency = 45%
Total working hours required= 17,000/0.45= 37,770
Grossly hour rate = $50
Total cost of direct labour = 37,770*50=$188,500
Texas
Hourly cost = $30
Efficiency= 85%
Total working hours required= 17,000/0.85= 20,000
Direct labour cost= 20,000*30=$60,0000
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