CM220 Project Planning and Contract Management

Week 3 Assignment 2

Cost Analysis Exercises

Instructions: Complete the following exercises as indicated.

Exercise #1: Using the data provided in Transparency 16 (shown below), perform a cost analysis of the job.

Exercise #2: Perform a cost analysis for a 20-week job to install 350 plumbing fixtures. It is estimated to cost $32,600. To date, 250 fixtures have been placed for a total cost of $23,750.

Transparency 16

Exercise #3: Using the data provided below, perform a cost analysis for an estimate, a progress analysis, and a final evaluation.

Note: this is a three-part problem that requires you to perform a cost analysis for each part.

Part 1: The Estimate

Find the total estimated cost given the following:

• 10,000 12-inch concrete blocks
• Estimated material cost =$.80 per block
• Crew of two masons at $15.00 per hour and one laborer at $11.50 per hour
• Labor production = 0.060 worker-hours/block
• No equipment, scaffolding, or other items needed

Part 2: Progress Analysis

Find the savings/loss-to-date and projected given the following:

• 10 working days have passed
• All blocks have been delivered
• 5,000 blocks have been placed

Part 3: Final Evaluation

Find the final cost given the following:

• Material invoice = $8,000
• Actual crew productivity was 350 blocks per day

Exercise 1 - Perform a cost analysis using the following information. Exercise 2 - Perform a cost analysis for a 20 -week job to install 350 plumbing futures. - It is estimated to cost $32,600. To date, 250 futures have been placed for a total cost of $23.750