Calculate the formwork material cost per use, given the following:Purchase cost  = $25/sf; gross area of forms for each use = 4,000 sf x 1.15 = 4,600 sfExpected to be used for five years, 60 times each yearSalvage value = 10%Annual interest rate = 6%

Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter1: Introduction
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Calculate the formwork material cost per use, given the following:
Purchase cost  = $25/sf; gross area of forms for each use = 4,000 sf x 1.15 = 4,600 sf
Expected to be used for five years, 60 times each year
Salvage value = 10%
Annual interest rate = 6%

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