Assignment Submission By Group Two

Arkadipta (P17002), Anand (P17012), Anusha (P17024), Anurag (P17029), Ravinder (P17038)

ASBESTOS CMI
Feet driven per hour 160 200
Piles driven per set of pads 6 300

No of pads per set 12 5

No of sets required 50 1
No of set changes 50 1
Time required for change per set (Min) 20 4
Fazio cost per set ($) 40 0
Job description
Pile Depth (Ft) 40 40
No of piles driven in a Job 300 300
Total piling in Ft 12000 12000
Total time req for piling (Hr) 75 60
Total time req for set change per Job 16.667 0.067
Total Time required for the job 91.667 60.067

Time Saved (Hours) 31.60

vinder (P17038)

Opportunity Cost Calculations

Additional piling in saved time (Feet) 5056
Average life of one set in (Feet) 240

Changeovers required 21.07

Total Changeover time (Hours) 7.02
Actual saved time in Hours 24.58
Additional Piling in saved time 3932.44
No of piles driven in saved time 98.31

% equivalent of Job for piles driven 32.77%

No of sets required for this piling 16.39
Cost per set to contractor 40
Total labor cost per set to contractor ($) 66

Total revenue lost to contractor ($) 35392

Total revenue lost to contractor per set ($) 2160

Total additonal Revenue lost by contractor if

continue to use asbestos per set (savings if CMI
pads used) ($) 2054
 PRICING
Total Pricing of Asbestos pad per set($) 40

Percentage of savings attributed to CMI

pads per set 80%

TEV per set 1683

TEV per pad 337

Revenue per feet Pile Driven ($) 9

Labour Cost Average Cost/Hr

@$6-8 per hour each 21
1 crane operator 10
1 foreman 13