Table 1 Saving Time
Colerick TEST Fazio TEST
Total Job: 15000 ft (300 piles, 50 ft per pile) 12000 ft (300 piles, 40 ft per pile)
Asbestos CMI Pads Asbestos CMI Pads
Driving Rate 150 ft/hr 200 ft/hr 160 ft/hr 200 ft/hr
Driving Time 100 hours 75 hours 75 hours 60 hours
Change Time 400 mins 4 mins 1000 mins 4 mins
Total Time 106.66 hours 75.06 hours 91.66 hours 60.06 hours
Time saved 31.6 hours 31.6 hours
Table 2 Rental Cost of Equipment
Hammer $34/hr
Crane $52/hr
Leads $8/hr
Total Cost $94/hr
Table 3 Labor Cost
Labor (3 laborers) $21/hr
Carne Operator $10/hr
Foreman $13/hr
Total Cost $44/hr
Table 4 Total Savings of Colerick Test
Cost Per Hour Saving hours Total Savings
Rental Cost $94 31.6 hours $2,970.40
Labor Cost $44 31.6 hours $1,390.40
Total Cost $138 31.6 hours $4,360.80
Table 5 Total Savings of Fazio Test
Cost Per Hour Saving hours Total Savings
Rental Cost $94 31.6 hours $2,970.40
Labor Cost $44 31.6 hours $1,390.40
Total Cost $138 31.6 hours $4,360.80
Talbe 6 Estimated Pad Value with Rental Cost of Equipment
Colerick TEST Fazio TEST
Time Saving $4,360.80 $4,360.80
Asbestos pad cost $1,000 $2,000
($50, 20 sets) ($40, 50sets)
Total Saving $5,360.80 $6,360.80
Pad Used 6 5
Saving per Pad $893.50 $1,272.16
Table 7 Estimated Pad Value without Rental Cost of Equipment
Colerick TEST Fazio TEST
Time Saving $1,390.40 $1,390.40
Asbestos pad cost $1,000 $2,000
($50, 20 sets) ($40, 50sets)
Total Saving $2,390.40 $3,390.40
Pad Used 6 5
Saving per Pad $398.40 $678.08
Table 8 Estimated Pads Used per Year
Low High
Hammers owned 13000 Hammers leased 6500 13000
weeks operated per year 25 weeks operated per year 25 25
hours operated per week 30 hours operated per week 30 30
feets driving per hour 20 feets driving per hour 20 20
feets driving per year 1.95E+08 feets driving per year 97500000 1.95E+08
feets diriving per pad set 10000 feets diriving per pad set 10000 10000
pads per set 6 pads per set 6 6
pad used per year 117000 pad used per year 58500 117000
Total pads used when market is bad 175500
Total pads used when market is good 234000
Table 9 Market Size
Low High
Price at $300, focus on all companies $52,650,000 $70,200,000
($300 * 175500 pcs) ($300 * 234000 pcs)
Price at $800, focus on companies
$46,800,000 $93,600,000
which lease equipments
($800 * 58500 pcs) ($800 * 11700 pcs)