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Estimated Saving Is Calculated As Total Cost of Project

The document estimates the total cost of a construction project at $1,127,000 and calculates potential savings of $608,580 if the homeowners perform some tasks themselves like installing windows, interior decoration, exterior painting, carpet installation, and kitchen cabinets. The estimated cost if they do this work is $518,420.

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sardar hussain
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60 views1 page

Estimated Saving Is Calculated As Total Cost of Project

The document estimates the total cost of a construction project at $1,127,000 and calculates potential savings of $608,580 if the homeowners perform some tasks themselves like installing windows, interior decoration, exterior painting, carpet installation, and kitchen cabinets. The estimated cost if they do this work is $518,420.

Uploaded by

sardar hussain
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Question 2:

A. Estimated total cost is


4900 square feet X 230 per square feet
= 1127000

B. if the Ahmad and Mahmood use their talents to do some of the work themselves than the
Estimate cost of the project would be. In the given question it is mentioned that Mrs. Ahmad
and Mahmood both have some expertise as the Ahmad can look after window, outside seat,
exterior paint and carpet and also Mahmood do kitchen caben and interior decoration.
Therefor they both can save cost associated with their tenant

Estimated saving is calculated as

activities Percentage Total cost of Cost per activity


project = % * COP
Window installation 25% 1127000 281750
Interior decoration 4% 1127000 45080
Exterior paint 10% 1127000 112700
Carpet 6% 1127000 67620
Kitchen cabinet 9% 1127000 101430
Total saving 608580

Therefore, estimate cost of the house if they use their talent


Than the total estimate cost of the project = total cost of project – Estimated saving
= 1127000 – 608580
= 518420

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