The math here is correct. Now add in a current bid price for excavation of $8.00 per cubic yard and your talking $48,000 dollars to have it done by people with the right equipment in hand. Do you really need to level out nine tenths of an acre?How big is the bucket on that crawler?? deere list ~3 yards??
I may be wrong but I dont think you realize just how much dirt their is. 200x200 going from 8-0 is about 6000 yards of dirt. Digging isnt the biggest issue. But moving and doing something with 6000 yards of dirt is. Crawlers arent exactally fast at transporting the dirt any distance at all.
So...You are looking at 2000 scoops of dirt. With transportation time, lets say you average 2 minutes per scoop, thats 4000 minutes. (67 hours.) Working 10 hours a day, thats a full week.
Now, not trying to discourage you, just making you aware that this is quite an undertaking. How soon does this need done? How many hours a week can you devote to it? You can do the math and decide if it is something you want to do or not. It can most certainly be done. But can it be done in a timely manner you are satisfied with?
The math here is correct. Now add in a current bid price for excavation of $8.00 per cubic yard and your talking $48,000 dollars to have it done by people with the right equipment in hand. Do you really need to level out nine tenths of an acre?
That was a current winning bid on a local highway project. Big boys playing with big toys for sure but nobody else underbid them. With fuel and machinery prices what they are plus the wages for the operators and truck drivers (Davis Bacon rates) it would be very hard to get to $1.50 today and a do it yourself project using old and undersized equipment will be hard pressed to do better then what those in the business can deliver.Where are you getting them kind of prices at??
Around me, its about $1.50 per yard. That would make that a ~$10k job. Maybe a tad more but depends on the lay and how far the dirt has to be moved or handled. And if trucked out, that would be more.
Yea, I can see that now on a highway project. Probabally handling the dirt several times, load, haul, unload, spread. Plus compaction in prep for road base, etc.
But just digging into a hillside (or a pond like I just had done) seems a bit excessive. My pond to my nearest estimation (1/3 acre) required about 2500 yards of dirt dug out and spread. Got 'er done for $3500. And most quotes were under 5k.
At $8 per yard, that would have made my little 1/3 acre pond cost 20 grand:confused2: I dont think anybody would get work around here with prices like that
As to doing it for $1.50 a CY you would have to show me what machine depreciated over 10,000 hours and using it's known rate of fuel consumption per hour at $4.00/ gallon and up plus the operators wages and taxes (Forget benefits) divided into it's yards per hour productivity comes out to $1.50/cy . They used to be able to do that when fuel and new machinery was cheaper but not anymore.