Question: In responding to a Request for Proposal (RFP), a Contractor, Explorer LLC, is preparing a lump sum price proposal for digging an underground hole with

In responding to a Request for Proposal (RFP), a Contractor, Explorer LLC, is preparing a lump sum price proposal for digging an underground hole with specifications below. 10m x 10m x 5m - Concept Design No geotechnical data, assume 65% soil, 35% rock Productivity rate in soil: 12m3/d Productivity rate in rock: 8m3/d Excavator: AU$1750/d Labor: AU$650/d Overhead including profit: AU$150/d Additional assumptions can be made, if needed. Lump Sum Concept Estimates and Schedules Quantities. Concept design: 10m x 10m x 5m = 500m3 Composition: assume 65% soil, 35% rock Thus, 325m3 soil, and 175m3 rock. Productivity Rates: Productivity rate in soil: 12m3/d Productivity rate in rock: 8m3/d Durations: Duration for soil: 325m3/12m3/day = 27 days Duration for rock: 175m3/8m3/day = 21.8 = 22 days = 49 days total Total cost for excavator: $1750 x 49 days = $ 85 750 Total cost of labour: $650 x 49 days = $31 850 Total overhead including profit: $150 x 49 days = $ 7350 $85 750 + $ 31 850 + $ 7350 = $ 124 950 is it correct

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