Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Cost Estimation Plan - Coursework Example

Comments (0) Cite this document
This paper is about cost estimation plans for Sydney harbour Tunnel. After giving a brief introduction of the tunnel, various approaches and perspectives for cost estimations of huge infrastructure projects are given. The tunnel proved to b less than a success and there were a number of hindering factors which are responsible for the failure of the project which is also considered as an important Public Private Partnership (PPP)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.1% of users find it useful
Cost Estimation Plan
Read TextPreview

Extract of sample "Cost Estimation Plan"

Download file to see previous pages According to the agreement, these operations will be transferred to government.
Approach road to this tunnel is shared with that of Sydney Harbour Bridge. The SHT is 2.3 kilo meters long with only 1 kilometer of the tunnel being under the Sydney Harbour. There are total 4 sections in the tunnel; two on the North of the Sydney Harbour and the other two on its Southern side. The two land tunnels on the North side have a length of 1 kilometer each and those on the Southern side have a length of half kilometer each. The four units are joined by means of eight solid concrete blocks. There are two carriage ways in SHT, each having two traffic lanes.
This tunnel is one of the largest tunnels in Australia and therefore, has much importance. The project for construction of the SHT can be considered as one of its own nature as there are certain outcomes observed which have raised questions about the project. One such important issue is the fact that the project Sydney Harbour Tunnel was a PPP in which the private partner bore higher portion of risk as compared to that of public partner, or to be more precise, in this case government of Australia.
In the next section of this essay we will focus on the various assumptions made during the cost estimation of the STH plan. Various approaches towards the cost estimation of mega infrastructural projects and their application to the Sydney Harbour Tunnel Project will follow the assumptions. A cost-benefit analysis of the project is given and conclusion is drawn on the basis of all the discussion. To start the discussion about cot estimation of STH, let us first discuss some of the major assumptions made during the financial planning stages of the project. Given are some of the basic facts and figures about Sydney Harbour Tunnel:

2.0 Looking into The Finances and Economics of Sydney Harbour Tunnel
Sydney Harbour Tunnel was built on the principle of 'BOT,' i.e., Build, Operate and Transfer. There were a number of financial advisors involved in economic and financial analysis of the project. A combination of analysis techniques were used by these consultants and a unified statement as a result of the analyses was given by the Auditor General NSW in 1994.It was stated that the project was viable and beneficial on financial, economic and environmental basis. The tunnel was reported to be justified on the basis of factors like travel time, air quality, economics of the project and the quality of travel with special reference to air quality. However, it was mentioned in the later parts of the report that technical deficiencies and constraints may affect some of the outcomes o the project. These assumptions are addressed in the very next section of the essay with their detailed analysis and how it influenced the overall functioning of the tunnel from the start up to the date.
The estimated cost for the construction of the tunnel was reported to be 3.8 million Australian Dollars. These funds were generated from three different sources. The first tool used was the issuance of inflation-index bonds of maturity 30 years to raise a capital of AU $ 486. The second ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Cost Estimation Plan Coursework Example | Topics and Well Written Essays - 2250 words”, n.d.)
Cost Estimation Plan Coursework Example | Topics and Well Written Essays - 2250 words. Retrieved from
(Cost Estimation Plan Coursework Example | Topics and Well Written Essays - 2250 Words)
Cost Estimation Plan Coursework Example | Topics and Well Written Essays - 2250 Words.
“Cost Estimation Plan Coursework Example | Topics and Well Written Essays - 2250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


OLS estimation

... and hrss from the last graph in the table. The interrelationships between these variables are important for regression specifications, since high correlations among independent variables may lead to multicollinearity. So, a scatterplot matrix is presented as figure 2 in the appendix. Therefore, the summary statistics and the scatter plots, show that there is a strong possibility that class attendance influences performance along with other factors such as ability. Further, since some evidence of possible positive correlation between class performance as measured by “smarks” and the squares of “ability” and attendance, represented by “attl” were observed, the possibility of nonlinear dependence cannot be ignored. 2. Basic OLS estimation...
10 Pages(2500 words)Assignment

TLC and WLC Estimation

...? Blue Jay Manufacturing Company Introduction The paper explores the options available for the company’s supply chain manager (Butler). Butler has to make decision concerning the increase in demand of the company’s products and provide his findings to the Senior Leadership Committee for approval. Butler considers using the following two methods in order to evaluate the total cost f outsourcing the products: total life costing (TLC) and Whole Life Costing (WLC). This paper focuses on the definition of the two types of estimation methods (TLC and WLC). The paper discusses the reason as to why LLC method is not included as an estimation method in the evaluation process. The paper will conclude with a summary of all the major points discussed...
4 Pages(1000 words)Research Paper

Estimation of Dietary Intake

...A Comparison of Three Different Methods for the Estimation of Dietary intake Many methods are available for the estimation of energy intakefrom diet. We used three methods, a 7-day weighed diet diary method, a 24-hour recall method and a duplicate method for making lab determination of food content. Our results indicate that using the 7-day weighed method the majority of dietary energy value was obtained from carbohydrate content in our weekly diet. It was also observed that nutritional requirements for the vital minerals of calcium and iron were often lacking in our diet and the need to take a vitamin supplement is suggested. Introduction A comparison of three methods for the estimation of dietary intake was made using the 7-day Weighed...
11 Pages(2750 words)Lab Report

Elemental Cost Plan for Commercial Office Development

Total steel/ metal required is approximated to be around 300 kgs .This done taking into consideration that CPA is 951.6 .Labor cost is assumed to be 16 pounds/ for entire work. Equipment charges are assumed to be around 3000 pounds Material cost = 400 x 30=12000 pounds Labor charges = 16 x 951.6=15225.6 pounds Total cost = 12000 + 15225.6 +3000=30225.6 pounds
Total masonry and concrete required per is assumed to be 0.6 kgs per Labour charges for entire work are assumed to be around twice the material required. Material cost = 0.6 x 951.6 x (64 +5) =39,396 pounds Labor charges = 2 x 39396 = 78792 pounds...
7 Pages(1750 words)Research Paper

Weighted Average Cost of Capital

...Estimation of Weighted Average Cost of Capital Introduction The success of a corporate entity largely depends upon the way in which it is financed orthe capital structure. It has been well acclaimed that maximization of shareholders' wealth and firm's value is most the operational and popular objective of financial management. To increase the shareholders' wealth and firm's value in the market, it must have a capital structure which protects the interest of all stakeholders. Such a capital structure is known as the optimum/optimal capital structure. The present paper describes and analyses the capital structure Proton and find how an optimum capital structure is formed. The paper also discusses the various project evaluation techniques...
1 Pages(250 words)Essay

Building Cost Estimation and Calculation of Construction Profit

...Building Cost Estimation and Calculation of Construction Profit. While considering an approach towards a construction project, the size, scale of complexity and the final function of the final built product influence the details of contracting out the work, the estimation, tendering and finally, the methods by which a contractor makes profit. Irrespective of the type of project, a contractor's profit is achieved from three basic sources: Labour and benefits Material costs. Subcontractor's costs In case of a design-build, a contractor makes money on the design portion of the project as well, both directly (as a profit on the design fees) and indirectly (through more efficient use of resources and better coordination) Controlling costs...
2 Pages(500 words)Essay

Cost Estimation Practice in Construction Companies

These costs will be collected from a variety of existing real construction companies. There is inherent risk involved in all construction companies and the rate of bankruptcy in construction industry is relatively higher than in any other type of business endeavor. For any construction company to succeed or fail, the role played by quality estimation and results reliability cannot be underestimated. The final project will therefore give a description of the estimating as well as the tendering process.
This process is divided into various stages that begin with acquisition of tender documents and ends with the tender submission. This project will significantly make use of computerized calculations due to the complexity of a num...
5 Pages(1250 words)Research Proposal

House Value Estimation

... HOUSE VALUE ESTIMATION CONSIDERING LOCATION AND OTHER FACTORS THROUGH REGRESSION MODEL ABSTRACT The value of a house is considered to be subjected to many factors like the manufacturing quality of the house, its architecture, the design of the house and the locality in which it is situated etc. This paper attempts to estimate the relationship between the house price/value and factors that influence it. This is done by introducing a model for predicting this relationship using regression. The influencing factors can be termed as the characteristics for regression. These characteristics, gathered for regression, are of two types namely the home characteristics and the neighborhood characteristics. The home characteristics can further...
10 Pages(2500 words)Research Paper

Demand Estimation

...: The new equilibrium price and demand are estimated at 384 cents and 22.501 units respectively. Graphically, the point of intersection between the two curves of demand and supply indicate the equilibrium point from which the marketing clearing price and demand are read (Hoffman, 2009). Significant factors that could most probably cause a change in the quantity demanded. As previously indicated in the discussion, the demand of the food product can change in relation to changes in the incomes of the consumers, the cost of similarcommoditiies in the market, and the price of complementary products (microwave oven). The reported change could also be attributed to changes in consumer preferences, for instance, consumers are becoming more...
7 Pages(1750 words)Assignment

Production Cost Analysis and Estimation Applied Problems

... Production Cost Analysis Problem a) Fixed inputs include the cost of the oven and the cost or the salary of each worker per week. The variable inputs are the number of pizzas produced and the number of workers. The cost of an oven and the salary of workers per week remain constant while the salary bill and the number of pizzas produced will be increasing and the mean of total cost per pizza will be diminishing. b) 6 workers will be more efficient since, they can produce 1,140 pizzas per where each worker will be producing 190 pizzas per week. c) The cost of pizza will be reduced to $3.51 per pizza by 6 workers. d) The shop has only 4 ovens due to insufficient resources, after an increase in the number of ovens, it will be hard...
1 Pages(250 words)Speech or Presentation

Retail Marketing Plan: Wal-Mart

Wal-Mart boasts of its low-price strategy to capture a steady volume of patrons in each of its outlets. No doubt, Wal-Mart may be considered the most famous retail store in their areas of operation. This is because they have managed to cater to every need of their market, with their wide range of product offers at the lowest possible prices. Customers patronize Wal-Mart stores due to the huge savings that these stores offer. Consequently, this Retail Marketing Plan shall capitalize on this value proposition to ensure that Wal-Mart continues to capture the target market and maintain its place as the preferred retail store in the US and UK

As always, Wal-Mart ensures that it gets the prime spot in every location it intend...
8 Pages(2000 words)Case Study

Job Prime Cost

The limitation with fixed costs is that these are uncontrollable as these are normally ‘policy costs’. Fixed cost help in marginal costing in the sense that these costs enable us to identify break-even point, that the contribution needs to cover to reach at ‘no profit no loss’ level.

Variable costs are those costs that change within the same ratio in which the output or production changes. For example, in our study the direct Material cost and direct labour costs are variable cost. We have first calculated the these costs on per cabinet basis and then found total direct material or direct labour cost by multiplying per cabinet cost with total production of400 cabinets. This cost is called ‘...
6 Pages(1500 words)Case Study

Queensland Australia Marketing Plan Challenge

 The company was formed in the year 1888. The products of Foster’s are sold in more than 155 countries in the world. Foster’s lager beer is the landmark product of Foster’s Group. Foster’s Lager is the tenth best international beer brand. Foster’s is already a well-established brand in Australia and in many parts of the world. But the company has not fully penetrated into the Asian market. Profits for the company from the Asian market are low compared to the other international market. Asia is a very potential market for beer and other beverage products. Lack of proper marketing strategy is the reason for the low rate of market growth in the Asian region. 

Foster’s beer is o...
9 Pages(2250 words)Case Study

Billing System Upgrade with Web-Based Version Project of Rick Auto Enterprises: A Communication Plan

The project is envisioned to involve changes to existing business processes, changes to existing jobs, and/or the creation of new positions. With the new web-based version, customers and auto brokers will be able to view and pay their bills online, as well as access a billing customer service agent is required. This change will affect the billing, sales, and customer service departments but it is expected to reduce costs, improve customer satisfaction, and reduce the number of days for outstanding accounts receivable.
Ownership of the existing system rests with the Billing Department. However, with the benefits projected to be derived from the upgraded system, especially with the implantation of the web-based version, the Cus...
12 Pages(3000 words)Case Study

Marketing Research Plan: Old Navy

Gap’s credit ratings thereby limiting access to the capital market, international trade matters which may be disruptive of the supply chain, changes to its IT systems disruptive of operations, changes in the IT services agreement with IBM that can disrupt operations and produce adverse effects on financial results, international expansion through franchising and other arrangements may impair the value of its brands if unsuccessful, products are subject to risks associated with overseas outsourcing and manufacturing, and failure of vendors to adhere to Gap’s code of vendor conduct could harm the business. From available data in the 2007 Annual Report, both the Gap and Old Navy brands have exhibited declining net sales....
11 Pages(2750 words)Business Plan

Evandale's Business Plan

Evandale’s mission would have a strong impact on the company’s later brand development.
When a company determines its mission and its vision, it needed to determine its objectives to accomplish that vision. I did not see the objectives—where the company was heading through in the presentation. A clear objective would have enabled me, as an audience to also picture where the company would want to go and would serve as the benchmark for me to assess the later strategic choices the company would state in the presentation.
According to the slides, the potential demand for caviar and the sturgeon products are “100x” bigger than the current supply. I would have wanted to see a reliable source for...
7 Pages(1750 words)Case Study

Business Plan Real Estate Agency

re representing our company as their business consultants and our responsibilities are limited to the knowledge of the client’s business and information provided by the client.
The company Of-Fit has been operating as office supplies and equipment supplier since 1998. Their corporate office is in Aberdeen and it has excellent industry relations. The company is a sole proprietorship and its owner is Mr. Andrew Schwatz who has been working in the industry for more than 20 years. The company current staff is 8 and its revenues are £115,690 and £156,178 in 2008. The company aims to expand its operations in other business areas and regions of the UK.
The detailed business plan developed for this report incor...
12 Pages(3000 words)Business Plan

Real Cost of Capital

Also, other academics criticize the models' failure to incorporate other determinants of risks such as firm size, book-to-market ratio, etc. then the plain correlation of the risk of the assets to the market. Despite these criticisms, many practitioners in the corporate world still use CAPM for capital budgeting. These issues are probed in this paper.
CAPM or the capital asset pricing model has been a tool in modern finance that has been extensively used for capital budgeting. The capital asset pricing model is useful in estimating the required return on an equity stock of a company (Perold 2004). Under the principle of finance that rational investors will require higher returns to compensate them when they undertake projects...
8 Pages(2000 words)Assignment

E-Commerce Marketing Plan for Gap Inc

The business of the bleu is a web-based or ecommerce business that offers the customers the products from the outfit and accessorize from head to toe with five basic brands. Bleu is aimed at offering and meeting the customer’s requirements for a unique lifestyle. Currently, Bleu also established the business regarding the full range of “accessories and furnishings” for a business customer to individualize their home, with a unique style of living and wearing. This report will present detailed analysis of the Bleu ecommerce website marketing plan. This research and analysis report will present a comprehensive overview of the different areas of Bleu online marketing strategy implementation.

Bleu business...
10 Pages(2500 words)Case Study

Overhead Cost

Daggle (2009) asserts that “overhead costs are costs related to manufacturing which do not add intrinsic value to the product”. Boudreau (2009) asserts that “the obvious overhead costs include things such as rent, advertising, utilities, insurance, and office supplies. These basic expenses have no direct concern with the company’s products and services but they are required for the production of the products and services.
For example, if a company manufactures cars, then the overhead costs are those expenses which occur during the production of a car like employee salaries, bills, rent of the premises, etc. Blocker (2007) found that overhead costs include all indirect expenses which occur during the pr...
6 Pages(1500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Coursework on topic Cost Estimation Plan for FREE!

Contact Us