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Project Budget
Budget Estimating,
Estimating,
Cost
Cost Justification
Justification &
&
Proposal
Proposal Writing
Writing The
The Final
Final
Touches
Touches
EGGN
EGGN491-Sr.
491-Sr.Design
Design11
By
By
Doug
DougSutton
Sutton
OVERVIEW
Project Estimate Worksheet
Cost Justification Methods refresher
Class Economic Justification Problem
Final Suggestions for your Proposals
$x,xxx.xx
=
$x,xxx.xx
Other reqd. labor/subcontracts for project (Est. hours) x (Est. hourly rate) =
$x,xxx.xx
Material
Pipe
Cost/Unit
$5/ft
No. Units
50 ft.
Mat.Cost
$250
Item description (continue tabulation for all parts and materials needed for project)
Note: Be sure to include any special manufacturing costs
INDIRECT COSTS
Travel (@ $.39/ mile
Drawings/Plots @ $2/sq. ft.
Reproduction of specs. and drawings
$500
48
50
$xx.xx
$x,xxx.xx
$200.00
$x,xxx.xx
$x,xxx.xx
=
$x,xxx.xx
ESTIMATING RESOURCES:
The Thomas Register see new link on website
The Sweets Catalogs Available at the SDC
PARTSPEC CD-ROM Available for checkout
in the Sr. Design office.
The RS Means Construction Estimating Guide
When all else fails, try the Yellow Pages!
VALUATION METHODS
Average Rate of Return (ARR)
Payback
Net Present Value (NPV)
Internal Rate of Return (IRR)
Profitability Index (PI)
Any Questions?