The Cost Estimate section provides the detailed line item budget for each proposed activity. If more than one mitigation activity is proposed, then the Cost Estimate is broken out by the activities identified in the Scope of Work section. The cost estimate must be itemized rather than listed as a lump sum. You’ll need to have at least two line items for the section to be considered complete. Personnel and Equipment are two common line item costs listed.
You must click the Add Item button to add each new cost item.
Information required for each cost item includes:
- Item Name (i.e., general description of the cost)
- Subgrant Budget Class (selected from a drop-down list)
- Unit Quantity (e.g., 1,2,3...)
- Unit Measure (e.g., each, acres, cubic feet, etc.)
- Unit Cost per item
The cost estimate for each item, as well as the total Cost Estimate for all items, is automatically calculated.