Answered: Use a weighted unit cost to determine…

Use a weighted unit cost to determine the conceptual cost estimate for a proposed parking that is to contain 350 stored cars. Previous project data is given in the table.

Traffic and Highway Engineering

5th Edition

ISBN:9781305156241

Author:Garber, Nicholas J.

Publisher:Garber, Nicholas J.

Chapter11: The Transportation Planning Process

Section: Chapter Questions

Problem 12P

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Concept explainers

Cost control

Cost control or management in property or project management is the process by which managers maintain costs under human resource management, assets, and capital expenditure to ensure that the project ends on a budget basis. Cost management depends on reasonable estimates and ongoing monitoring during the project. As a result, good cost control is essential for any construction business that wants to succeed.

Question

Use a weighted unit cost to determine the conceptual cost estimate for a proposed parking that is to contain 350 stored cars. Previous project data is given in the table.

A. Use a weighted unit cost to determine the conceptual cost estimate for a proposed parking that
is to contain 350 stored cars. Previous project data is given in the table. /
Cost (LE)
1,550,555
540,000
435,777
Project no.
No. of cars
Unit Cost (LE/car)
1
225
2.
175
150
4.
113,560
50
875,000
88,500
200
6
35

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