A contractor has a contract to remove and replace the existing landscape and sid

Question

A contractor has a contract to remove and replace the existing landscape and sidewalks around an office building. The work includes:

- demolition of the existing landscaping and sidewalks

- importing fill and grading around the office building

- constructing new concrete sidewalks and new landscaping.

The contractor will perform all of the work except placing the site concrete and the landscaping. The original estimate for the demolition was $30,000 and a $5,000 change order has been approved to remove some unexpected debris found during the demolition. The demolition work has been completed at a cost of $33,562. The original estimate for the fill and grading was $17,500 and a $2,000 change order for importing additional fill to replace the debris has been approved. The fill and grading costs to date are $17,264 and the estimated cost to complete has been estimated at $2,236. The original budget for the labor to pour the concrete was $19,200 and no changes have been made. The concrete labor has been subcontracted out for $19,200, for which the contractor has received a bill for $15,200. The original budget for the concrete for the sidewalks was $9,900 and no changes have been made. The contractor has spent $7,425 for concrete and estimates that $1,950 of concrete will be needed to complete the project. The original estimate for the landscaping was $37,500 and no changes have been made. The landscape work has been subcontracted out for $37,500. The landscaping work has yet to start and no bills have been received. Determine the total estimated cost at completion for the project.

Total Committed Total Estimated &Non; Estimated CostCost at Committed Cost Non-Committed Variance Code Description Original Estimate Change Orders Total Estimate Committed Costs Invoice Cost Invoice Committed cost to Complete Completion Over(Un 2050 Demo of Existing Landscaping &Sidewalks; 31100 Import Fill & Grading around office building 32300 Concrete for new sidewalks Labor for construction of sidewalks 2500 New Landscaping

Explanation / Answer

Code Description Original Estimate Change Orders Total Estimate Committed Costs Committed cost Invoice Non-Committed cost Invoice Total Committed & Non-committed Invoice Estimated cost to complete Total Estimated cost at completion Variance Over / (Under) 2050 Demo of Existing Landscape & Sidewalks $    30,000.00 $       5,000.00 $    35,000.00 $                    -   $                    -   $                    -   $                    -   $                    -   $    33,562.00 $       1,438.00 31100 Import Fill & Grading around office building $    17,500.00 $       2,000.00 $    19,500.00 $                    -   $                    -   $                    -   $                    -   $       2,236.00 $    17,264.00 $       2,236.00 Labor for Construction of Sidewalks $    19,200.00 $                    -   $    19,200.00 $                    -   $    15,200.00 $                    -   $    15,200.00 $       4,000.00 $    19,200.00 $                    -   32300 Concrete for new sidewalks $       9,900.00 $                    -   $       9,900.00 $       7,425.00 $                    -   $                    -   $                    -   $       1,950.00 $       9,375.00 $          525.00 32500 New Landscaping $    37,500.00 $                    -   $    37,500.00 $                    -   $                    -   $                    -   $                    -   $    37,500.00 $                    -   Total $ 114,100.00 $       7,000.00 $ 121,100.00 $       7,425.00 $    15,200.00 $                    -   $    15,200.00 $       8,186.00 $ 116,901.00 $       4,199.00

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