Cost Benefit Analysis

COST BENEFIT ANALYSIS USING AN SRS 2.5 (5000 lbs. capacity) UNIT

1. A man crew at an average of $ per hour, a hour daily cost will be $.

2. EQUIPMENT:

Cranes-

(Number of cranes)ton capacity cranes(s), maintained/operated at $ per hour, for hours will be $ .

MISC-

(Number of welding machines/air compr./other equip.) , leads, fuels, consumables will cost average rental rate of at or near $ .

Tooling & Service Truck-

General supervision driven, will generally be costed daily at $per day.

3. Longest average erected member, 25' -0", light to medium weight steel at two story height or less.

TOTAL LABOR AND EQUIPMENT COST PER DAY = $. HOURLY COST PER DAY WILL THEN =
$ /HOUR. DIVIDE THE HOURLY COST BY 60 MINUTES THEN YOUR PER MINUTE COST = $ PER MINUTE WORKED.

THIS IS DIRECT COST TO YOUR PROJECT. TO THE IRONWORKERS IN THE FIELD, A 2 MINUTE SAVINGS DOES NOT SOUND LIKE MUCH. BUT SHOULD THEY SAVE THAT 2 MINUTES,

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