What is your estimated 2019 cost for building the coal-fired generating facility? Summarize your calculations in a cost estimating worksheet, and state you make Summarize your calculations in a cost estimating worksheet, and state the assumptions you make. (Round the factors for elements 1.2-3, 1.4 to four o and the labor factor to the nearest whole number. Round costs to the nearest ten thousands dollars.) Element Code Units/Factor Price/Unit Subtotal Totals 580 $1,900 $3,000,000 1.2-3 $149,000,000 $5,500,000 1.5.1-3 labor $57 materials $15,000,000 1.5.4 580 $1,600 4% The total estimated cost 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 $149 million. The cost index for boilers was 149 in 1996, it is 495 in 2019. The cost capacity factor for similar boilers and support systems is 0.89. The 580-acre site is on property you already own, but improvements (1.1.1) and roads (1.1.2) will cost $1,900 per acre, and railroads (1.1.3) will cost $3,000,000 Project integration (1.9) is projected to cost 4% of all other construction costs * The security systems (1.5.4) are expected to cost $1,600 per acre, according to recent (2019) construction of similar plants. All other support facilities and equipment (1.5) 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 85% 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 $15,000,000 The coal storage facility (1.4) for the coal-fired generating plant built in 1996 cost $5.5 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. What is your estimated 2019 cost for building the coal-fired generating facility? Summarize your calculations in a cost estimating worksheet, and state you make Summarize your calculations in a cost estimating worksheet, and state the assumptions you make. (Round the factors for elements 1.2-3, 1.4 to four o and the labor factor to the nearest whole number. Round costs to the nearest ten thousands dollars.) Element Code Units/Factor Price/Unit Subtotal Totals 580 $1,900 $3,000,000 1.2-3 $149,000,000 $5,500,000 1.5.1-3 labor $57 materials $15,000,000 1.5.4 580 $1,600 4% The total estimated cost 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 $149 million. The cost index for boilers was 149 in 1996, it is 495 in 2019. The cost capacity factor for similar boilers and support systems is 0.89. The 580-acre site is on property you already own, but improvements (1.1.1) and roads (1.1.2) will cost $1,900 per acre, and railroads (1.1.3) will cost $3,000,000 Project integration (1.9) is projected to cost 4% of all other construction costs * The security systems (1.5.4) are expected to cost $1,600 per acre, according to recent (2019) construction of similar plants. All other support facilities and equipment (1.5) 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 85% 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 $15,000,000 The coal storage facility (1.4) for the coal-fired generating plant built in 1996 cost $5.5 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
