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This week, continue to work on this single component and make your calculation spreadsheet more complete by a) assigning unit prices to the quantities of materials you estimated in Week 5, b) estimating labor and equipment costs for your scope of work.
In your spreadsheet, identify the following:
The type, size, and number of pieces of equipment needed
Composition of the crew, and crew sizes
Equipment and labor cycle times and production rates
The total time the equipment/labor will be on the job
Labor and equipment costs based on cycle times, production rates, and time on the job using the appropriate quantities of work.
A reasonable contingency by taking potential project negative risks into account
In addition, provide a maximum of a two-page narrative to describe your findings (estimated quantities and costs) and provide a basis-for-estimate document that outlines assumptions, inclusions, and exclusions of the cost estimate.
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