Given the table below, calculate the total cost for all the items needed. What would be the total estimate with a 15 percent contingency? If a 10 percent reserve is added, what would be the total estimate?

Given the table below, calculate the total cost for all the items needed. What would be the total estimate with a 15 percent contingency? If a 10 percent reserve is added, what would be the total estimate?

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 19P

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Question

Given the table below, calculate the total cost for all the items needed. What would be the total estimate with a 15 percent contingency? If a 10 percent reserve is added, what would be the total estimate?

Items	Cost/Unit	Quantity
Wheel	$500	12
Bearing	$25	400
Clamp	$5	40
Nozzle	$7	30
Nut	$2	40
Caster	$55	120

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