Valuation, depreciation and the rate base

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Monograph

Identifikator:: 174667931X

URN:: urn:nbn:de:zbw-retromon-119897

Document type:: Monograph

Author:: Grunsky, Carl Ewald http://d-nb.info/gnd/10180959X

Title:: Valuation, depreciation and the rate base

Edition:: 2. ed., revised and extended

Place of publication:: New York

Publisher:: Wiley

Year of publication:: 1927

Scope:: X, 500 Seiten

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter IV. Essentials of value

Collection:: Economics Books

ESSENTIALS OF VALUE ay ¢“ Watertown. — Mechanical filters built in 1903; cost, $97,065; engineering cost, 5.9 per cent. “ Ogdensburg. — Sand filters built in 1910; cost of work $167,604; engineering charges, 7 per cent, excluding cost of preliminary report, which amounted to $500. “ Hudson River State Hospital. — Sand filter plant built in 1904; cost $36,000; total cost of engineering, 103 per cent. “ Peekskill. — Sand filters built in 1908; total cost, $63,304; cost of engineering, 7.1 per cent. “ Yonkers. — Open sand filters, built 1903; total cost, $50,165; total cost of engineering, 7.3 per cent. Covered sand filters, built in 1907; total cost, $106,708; cost of engineering, 8.7 per cent. “ Ithaca, N.Y.— Filters built in 1903 on a percentage basis under rush conditions; cost, $192,114; engineering cost, 7 per cent. “Springfield, Mass. — Water-works built 1910; construction of additional supply from Little River, including diversion works, reservoir, filters, and pipe lines; cost $1,465,393; cost of engineering, 10 per cent. The basis of computation does not include the sum of $268,000 paid for land, legal and other expenses. “ Springfield, Mass. — Ludlow filters; built in 1906 at a cost of $43,306, to meet an emergency, and requiring very rigid in- spection to secure proper grade of sand and proper sanitary conditions during construction; cost of engineering, including board, livery, cots, bedding, and provisions for inspectors on work, 17 per cent. “It is obvious that the cost of engineering varies with the character of the work. For instance, the construction of an important dam or aqueduct, built in place and requiring skill in designing and a careful inspection of every part of the work as it is built, requires a larger expenditure for engineering than a large cast-iron pipe line where the cost of laying the pipes in a trench is but a small percentage of the total cost of the line, and the work progresses so rapidly that the inspection cost is small in proportion to the total cost. “The cost of engineering varies not only with the class of work but with the character of the design and execution. For instance, works may be built with very little inspection, from crude designs prepared by unskilled engineers, with the result that the cost of works may be large although the percentage paid for engineering may be small. Works skilfully designed - pr

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