Proposed Budget

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Parts Suppliers, Substantive Costs, and Buying Issues

See Appendix C for more detailed information on parts list. The list does not include shipping. The only foreseen buying issues would be the lead time on the parts needed to complete the project.

 

Labor Rates, Outsourcing Rates, and Estimated Costs

The estimated labor rate of a qualified welder/ machinist is approximately $80.00. The estimated costs will include cost of materials and labor.

 

·       25 feet of copper coil………………………………………. $30.00

·       2’x 4’ 22-gauge sheet metal x 2……………………………. $12.00 ea.

·       Ceramic insulation 1”x 24”x 2’…………………………..... $6.00

·       Inline water flow meter (analog)…………………………... $55.00

·       Ball valve (control valve)………………………………….. $5.00

·       Inline thermometer (and well)……………………………... $12.00

·       55,000 BTU propane burner……………………………….. $18.00

·       Gas tubing/ connectors…………………………………….. recycled

·       Pressure relief valve………………………………………... $30.00

·       Labor……………………………………………………….. $80.00/hour

 

Since I will be performing all of the labor, the reality is that the labor will cost nothing, leaving the total cost of the project at $170.00.

 

Labor

The following is a list of the labor-intensive tasks associated with the project:

1.     Rolling of copper coil

2.     Soldering/ brazing of metering and control devices to copper coil

3.     Cutting, bending, and welding of sheet metal for housing.

 

Estimated Total Project Cost

Most of the material associated with this project is going to be ordered through Central Washington Universities material supplier which will provide a material discount. The total cost of the project is expected to be $200.00. This will include all metering and control devices and burners.

 

Funding Sources

This project is going to be independently funded. Since the product is intended to be sold to the public after its completion, no external resources are going to be used to avoid any legal obligations in the future.