Project manager: 12 months x 20 days x $500 = $120,000
2 senior engineers: 2 x 12 months x 20 days x $500 = $240,000
10 mid-level engineers: 10 x 12 x 20 x $400 = $960,000
2 project assistants: 2 x 12 x 20 x $250 = $120,000
3 support people: 3 x 12 x 20 x $300 = $216,000
Building and office rental = $829,800
Computer rental: 12 x 20 x 12 engineers x $25 = $72,000
Total Labor Costs = $2,557,800
Non-Labor Costs
Purchased equipment = $$2,500,000
Agent fee = $500,000
Financing fee = $400,000
Subcontracts = $1,000,000
Total Non-Labor Costs = $4,400,000
Contingency Fee
Labor Costs: $2,557,800 x 0.10 = $255,780
Non-Labor Costs: $4,400,000 x 0.10 = $440,000
Total Contingency Fee = $688,940
Your Fee
Labor Costs: $2,557,800 x 0.48 = $1,227,744
Entire Cost of Project
Labor costs = $2,557,800
Non-labor costs = $4,400,000
Contingency fee = $688,940
Your fee = $1,227,744
Total Cost of Project = $8,874,484
Now, convert that amount into American dollars:
$8,874,484 Cdn x 0.74 = $6,567,118.16 US