The formula to calculate the Excavation Cost is:
EC=EL×EW×ED×CPV
Where:
Excavation Cost (EC) is the total cost required to excavate a specific area. It is calculated by multiplying the total volume of excavation by the cost per unit volume. This calculation helps in estimating the budget for construction projects involving excavation.
Let's consider an example:
Using the formula to calculate the Excavation Cost:
EC=50×30×10×5=75,000 dollars
This means that the Excavation Cost (EC) is $75,000.