Calculate the total cost of the project based on the provided information
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Calculate the total cost of the project based on the provided information
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ABC company is going to bid on an EPC project. The total hours expected to be spent to issue all the engineering deliverables are 50,000. The procurement staff made up of 7 team members along the 18 months of the project (176 hr/month). Calculate the total cost of the project based on the provided information.
Engineering staff hourly rate = $80/hr
Engineering supervision = 10%
Procurement staff hourly rate = $90/hr
Total direct costs (field) = $110,000,000
Field indirect costs = 5% of the DC
