Your company has been asked to prepare a preliminary cost estimate for a 10,000 square foot automotive repair garage, with four hydraulic lifts. From past projects, you have determined that the average cost per square foot to construct an automotive repair garage is $107.60 and excludes the cost of the hydraulic lifts. The lifts cost $16,000 each. Ignoring inflation, prepare an estimate for the repair garage.
What will be an ideal response?
The cost is as follows:
Cost = 10,000 sf × $107.60/sf + 4 lifts × $16,000/lift = $1,140,000
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