Iculations in a cost estimating worksheet, and state the assumptions you make (Round the factors for elements 1 2-3, 1.4 to four decimal places and the labo ctor to the nearest whole number Round costs to the Elenent CDde Units/Facto PriceiUnit Subtotal Totals 1.1-1.2 620 $2.100 113 $3,100,000 1.1 12-3 $135.000,000 S 1.4 $5,400 000 1.5.1-3 labor $57 materials $13,000.000 1.5.4 620 $1,300 15 19 6% The total estimated cost What is your estimated 2019 cost for building the coal-fired generating facility? Summarize your calculations in a cost estimating worksheet, and state the assumptions you make. Summarize your calculations in a cost estimating worksheet, and state theassumptions you make. (Round the factors for elements 1.2-3, 1.4 to four decimal places and the labor fa Element Code Units/Factor Price/Unit 1.1-1.2 620 $2,100 1.1.3 More Info WBS Element Code Line No. Title Coal-fired power plant 001 1. 002 Site 11 003 Land improvements Roads, parking, and paved areas 1.1.1 004 1.1.2 005 Railroads 1.1.3 006 Boiler 12 007 1 2.1 Furnace 008 Pressure vessel 1.2.2 009 Heat exchange system Generators 12.3 010 12.4 011 Boiler support system Coal transport system Coal pulverizing system Instrumentation and control 13 012 13.1 013 1.3.2 014 1.3.3 Ash disposal system Transformers and distribution 015 134 016 13.5 Coal storage facility Stockpile reclaim system Rail car dump 017 1.4 018 1.4.1 019 1.4.2 Coal handling equipment Support facilities and equipment Hazardous waste systems 020 1.4.3 021 1.5 022 1.5.1 Support equipment Utilities and communications system 023 1.5.2 024 1.5.3 Security systems Project integration Project management Environmental management Project safety Quality assurance Test, start-up, and transition management 025 1.5.4 026 1.9 027 1.9.1 028 1.9.2 029 1.9.3 030 1.9.4 031 1.9.5 Print Done More Info A coal-fired generating plant twice the size of the one you are estimating was built in 1996 The 1996 boiler (1.2) and boiler support system (1:3) cost $135 million. The cost index for boilers was 135 in 1996, it is 467 in 2019. The cost capacity factor for similar boilers and support systems is 0.92 The 620-acre site is on property you already own, but improvements (1.1.1) and roads (1.1.2) will cost $2.100 per acre, and railroads (1.1.3) will cost $3,100,000 Project integration (1.9) is projected to cost 6% of all other construction costs The security systems (1.5.4) are expected to cost $1,300 per acre, according to recent (2019) construction of similar plants. All other support facilities and equipment (15) elements are to be built by Viscount Engineering. Viscount Engineering has built the support facilities and equipment elements for two similar generating plants. Their experience is expected to reduce labor requirements substantially; a 89% learning curve can be assumed. Viscount built the support facilities and equipment on their first job in 85,000 hours. For this project Viscount's labor will be billed to you at $57 per hour. Viscount estimates that materials for the construction of the support facilities and equipment elements (except 1.5 4) will cost you $13,000,000. The coal storage facility (1.4) for the coal-fired generating plant built in 1996 cost $5.4 million. Although your plant is smaller, you require the same size coal storage facility as the 1996 plant You assume you can apply the cost index for similar boilers to the coal storage facility Iculations in a cost estimating worksheet, and state the assumptions you make (Round the factors for elements 1 2-3, 1.4 to four decimal places and the labo ctor to the nearest whole number Round costs to the Elenent CDde Units/Facto PriceiUnit Subtotal Totals 1.1-1.2 620 $2.100 113 $3,100,000 1.1 12-3 $135.000,000 S 1.4 $5,400 000 1.5.1-3 labor $57 materials $13,000.000 1.5.4 620 $1,300 15 19 6% The total estimated cost What is your estimated 2019 cost for building the coal-fired generating facility? Summarize your calculations in a cost estimating worksheet, and state the assumptions you make. Summarize your calculations in a cost estimating worksheet, and state theassumptions you make. (Round the factors for elements 1.2-3, 1.4 to four decimal places and the labor fa Element Code Units/Factor Price/Unit 1.1-1.2 620 $2,100 1.1.3 More Info WBS Element Code Line No. Title Coal-fired power plant 001 1. 002 Site 11 003 Land improvements Roads, parking, and paved areas 1.1.1 004 1.1.2 005 Railroads 1.1.3 006 Boiler 12 007 1 2.1 Furnace 008 Pressure vessel 1.2.2 009 Heat exchange system Generators 12.3 010 12.4 011 Boiler support system Coal transport system Coal pulverizing system Instrumentation and control 13 012 13.1 013 1.3.2 014 1.3.3 Ash disposal system Transformers and distribution 015 134 016 13.5 Coal storage facility Stockpile reclaim system Rail car dump 017 1.4 018 1.4.1 019 1.4.2 Coal handling equipment Support facilities and equipment Hazardous waste systems 020 1.4.3 021 1.5 022 1.5.1 Support equipment Utilities and communications system 023 1.5.2 024 1.5.3 Security systems Project integration Project management Environmental management Project safety Quality assurance Test, start-up, and transition management 025 1.5.4 026 1.9 027 1.9.1 028 1.9.2 029 1.9.3 030 1.9.4 031 1.9.5 Print Done More Info A coal-fired generating plant twice the size of the one you are estimating was built in 1996 The 1996 boiler (1.2) and boiler support system (1:3) cost $135 million. The cost index for boilers was 135 in 1996, it is 467 in 2019. The cost capacity factor for similar boilers and support systems is 0.92 The 620-acre site is on property you already own, but improvements (1.1.1) and roads (1.1.2) will cost $2.100 per acre, and railroads (1.1.3) will cost $3,100,000 Project integration (1.9) is projected to cost 6% of all other construction costs The security systems (1.5.4) are expected to cost $1,300 per acre, according to recent (2019) construction of similar plants. All other support facilities and equipment (15) elements are to be built by Viscount Engineering. Viscount Engineering has built the support facilities and equipment elements for two similar generating plants. Their experience is expected to reduce labor requirements substantially; a 89% learning curve can be assumed. Viscount built the support facilities and equipment on their first job in 85,000 hours. For this project Viscount's labor will be billed to you at $57 per hour. Viscount estimates that materials for the construction of the support facilities and equipment elements (except 1.5 4) will cost you $13,000,000. The coal storage facility (1.4) for the coal-fired generating plant built in 1996 cost $5.4 million. Although your plant is smaller, you require the same size coal storage facility as the 1996 plant You assume you can apply the cost index for similar boilers to the coal storage facility