Project: St.

Johns River
Course: BCN3611C
Estimator: Han Dang
Email: N00980895@osprey.unf.edu
Date: 09/21/2016

The Osprey Construction Company requires the development of a construction

cost estimating outline and quantity take-off. However, the scope of work for this

assignment is limited to only three activities. The work breakdown structure for
direct costs includes installation of the new steel sheet pile wall, excavation of the
existing soil between the new steel sheet pile wall and the existing guide wall, and
installation of the riprap layer between the new steel sheet pile wall and the
existing guide wall. Also, Removal of the existing riprap is part of the overall
excavation and is included in this assignment, and the R-4 rock protection is the
same as the new riprap layer and is included in this assignment. The Geotextile
fabric is part of the R-4 rock protection (riprap) installation and is included in this
assignment. Itemization of all indirect costs includes mobilization, home office
overhead, job overhead, tax and insurance, profit, bond and contingency. Assuming
office overhead is 20% of the total direct costs, and job overhead is 10% of the
total direct cost because these costs are fixed expenses that must be paid by the
contractor and are cost staying in business. These expenses must be shared
proportionally among the projects undertaken. The home office items included
office (rent, electricity, heat, water, office supplies, postage, telephone, office
machines, and furnishings), salaries and wages for office employees and
miscellaneous. Job overhead items include salaries (the project superintendent,
assistant superintendent, time keeper, materials, and security personnel), temporary
office, temporary buildings, barricades, temporary utilities, drinking water,
photographs, surveys, cleanup, winter construction and protection of property.
Assuming that the mobilization is 10% of the total direct costs because the cost of
transporting all equipment required for all construction project. However, this cost
may vary with the distance, type, and amount of dismantling required for the
various pieces of equipment. Mobilization also must be considered for rental
equipment since it must be brought to the job site. Assuming the tax and insurance
are 10% of the total direct costs because when the material bills are paid, they will
include the sale tax for the materials. The tax and insurance include cash federal an
unemployment taxes, state unemployment taxes, workers compensation insurance,
sales tax. Assuming that the profit is 12% of sub total cost, bond is 2% of total
cost, and contingency is 20% of the total cost because contingency is used to cover
unexpected conditions that cannot reasonably be determined during design, change
orders, and other project risks. Bonds also is functions of construction project
requirements and the experience rate of the contractor, and the bond items are bid
bond, permit bond and performance and payment bond. The exact cost of these
items can be determined by contacting the bonding agent.
Direct cost

Item
Excavation
The Existing Soil
The existing riprap
Installation
The new steel sheet pile
wall
R-4 Rock Protection
Geotextile Fabric
Sub total direct cost
Indirect cost
Mobilization
Job Overhead
Home Office Overhead
Tax and Insurance
Sub total indirect cost
Sub total cost
Profit
Bond
Contingency
Total project cost

Unit

Quantity

Unit Price

Total

Cubic yards
Cubic yards

14067
1727

$6.80
$6.00

$643,566
$124,344

tons
Cubic yards
square feet

1083
1984
30678

$500.00
$30
$0.29

$541,500
$59,520
$8,897
$1,377,827
$137,782.66
$137,782.66
$275,565.32
$137,782.66
$688,913.30
$2,066,740
$248,008.79
$41,334.80
$413,347.98
$2,769,431

Sub Total Direct Cost = Sum of existing soil cost, existing riprap cost, sheet pile
cost, rock protection cost, and geotextile fabric cost = $643566+$124344+
$541500+$59520+$8897 = $1377827
Sub Total Indirect Cost = Sum of mobilization, job overhead, home office
overhead, and tax and insurance = $137782.66+$137782.66+$275565.32+
$137782.66 = $688913.30
Sub Total Cost = Sub Total Direct Cost + Sub Total Indirect Cost
Total Project Cost = Sum of Sub Total Cost, profit cost, bond cost, contingency
cost = $2066740+$248008.79+$41334.80+$413347.98 = $2769431