DEFINITIVE ESTIMATES AACE SAMPLE PROBLEMS What is the labor unit cost for forming a 100-bigh wall, 10 long. given the following data 1. The crew consists of three carpentens and two laborers It will take the carpenters four bours and the laborers two hours to complete the task Each carpenter makes $21.00hr Each isborer makes-$17.00h 2. You are an estimator working on your general conditions estimate. List five items you will consider under the following major categories Mobilization Temporary Facilities Professional Services Which of the above items could be considered time sensitive? 3. You are the chief estinator, and the Accounting Departmet has given you the following infomation (a) (b) Annual volume Total overbead expense Salaries Legal & Accounting Fees Insurance s58000 1.900,000 350,000 2200,000 Rents 900,000 Utilities 200,000 500,000 $6,050,000 Other One of the other estimators asked which figure should be used for overhead on an estimate. What figure would you recommend? You are given the following infommatioe which was derived from several similar projects Steel Erected (Tons) Notes Hours Project Year 235 350 850 1230 850 3,850 Ist Project for company 2820 3675 11475 1336 9,384 54265 "A" 1956 1960 1967 1979 1980 1981 7 day strike at beginning "D" "E "P 300 Toe deducted by CO 980 Tons added by CO -12.62 WHTONS 7365 92,935 Totals Should the estimator use 12.62 WH/TON for a 1992 projet so esect 6800 sos of stecl? Based on the above infommation, what questions should the estimator ak about both the new poject and the data from the past projects? DEFINITIVE ESTIMATES AACE SAMPLE PROBLEMS What is the labor unit cost for forming a 100-bigh wall, 10 long. given the following data 1. The crew consists of three carpentens and two laborers It will take the carpenters four bours and the laborers two hours to complete the task Each carpenter makes $21.00hr Each isborer makes-$17.00h 2. You are an estimator working on your general conditions estimate. List five items you will consider under the following major categories Mobilization Temporary Facilities Professional Services Which of the above items could be considered time sensitive? 3. You are the chief estinator, and the Accounting Departmet has given you the following infomation (a) (b) Annual volume Total overbead expense Salaries Legal & Accounting Fees Insurance s58000 1.900,000 350,000 2200,000 Rents 900,000 Utilities 200,000 500,000 $6,050,000 Other One of the other estimators asked which figure should be used for overhead on an estimate. What figure would you recommend? You are given the following infommatioe which was derived from several similar projects Steel Erected (Tons) Notes Hours Project Year 235 350 850 1230 850 3,850 Ist Project for company 2820 3675 11475 1336 9,384 54265 "A" 1956 1960 1967 1979 1980 1981 7 day strike at beginning "D" "E "P 300 Toe deducted by CO 980 Tons added by CO -12.62 WHTONS 7365 92,935 Totals Should the estimator use 12.62 WH/TON for a 1992 projet so esect 6800 sos of stecl? Based on the above infommation, what questions should the estimator ak about both the new poject and the data from the past projects
