In a new 55-and-over gated community, light poles and underground cables need...
Question:In a new 55-and-over gated community, light poles and underground cables need to be installed. It is estimated that 25 miles of underground cabling will be needed and that each mile of cabling costs $15,000 (includes labor).A light pole is to be installed every 50 yards, on average, and the cost of the pole and installation is $2,500. What is the estimated cost for the entire job?Estimated Cost of ProjectEstimated cost is defined as the approximate cost that will be incurred for carrying out a project. Cost estimation is a helpful tool while carrying out the budgeting process, as it provides with the amount of expenses which are likely to be incurred in future. The estimated cost is calculated to ascertain whether the project under review will be beneficial for the organization or not.
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