A concrete pavement on a street would cost P10,000 and would last for 5 years with negligible repairs. At the end of each years. P1,000 would be spent to remove the old surface before P10,000 is spent again to lay a new surface. Find the annual cost of the pavement at 5%

A concrete pavement on a street would cost P10,000 and would last for 5 years with negligible repairs. At the end of each years. P1,000 would be spent to remove the old surface before P10,000 is spent again to lay a new surface. Find the annual cost of the pavement at 5%

Traffic and Highway Engineering

5th Edition

ISBN:9781305156241

Author:Garber, Nicholas J.

Publisher:Garber, Nicholas J.

Chapter21: Pavement Management

Section: Chapter Questions

Problem 4P

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Concept explainers

Pricing Concrete Work

The concrete work in a project usually holds a high-end cost in terms of cost and value of the work. It becomes an important step in calculating the cost associated with concrete while preparing the project scale. The cost of making concrete depends on the cost of building materials, mixed materials, labor, and machinery. A concrete contractor builds structures from concrete, usually managing all the steps of the process from assembling ingredients to building a holding structure and preparing the mixture. This person or team oversees the delivery and unloading of goods to ensure that they are done properly. Nowadays, most of the concrete in the United States comes from manufacturers working abroad, usually with branches and plants within the provinces. Contributions can range from pre-mixed concrete to basic ingredients, the consumer company then mixes it. Many American-based concrete companies, however, offer concrete products, such as ballads, bricks, countertop, concrete pipe, and building products, as well as concrete construction and installation materials. This article covers both types of suppliers for this set of building materials.

Question

A concrete pavement on a street would cost P10,000 and would last for 5 years with negligible
repairs. At the end of each years. P1,000 would be spent to remove the old surface before
P10,000 is spent again to lay a new surface. Find the annual cost of the pavement at 5%

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