How much does excavation cost in Victoria, BC?
When you’re considering an excavation project, one of the first things you’re going to have to figure out is what it will cost to complete. Understanding what a project will cost, and the variables that can affect cost is key to making an informed decision. Below, we will break down some key factors that can impact the cost of a commercial or residential excavation project.
Type of Project
The main factor that impacts cost is the type of project. Some excavation tasks can be completed in a few days, while others can take weeks, months or even years to complete. There are many different kinds of excavation projects including:
- Land clearing
- Utility installation
- Demolition
- Retaining walls
- Equestrian facility construction
- A whole lot more…
The point here is that each type of project will have different requirements and cost structure. Some projects are inherently more expensive than others due to a variety of factors.
Equipment Required
Different types of projects require different equipment. Excavation tools and machinery are large and costly to operate and maintain. Using IEOA suggested rates as an example, the rate for a 15 Ton machine such as a Cat 314E is $191/hr. The hourly rate for a 25 Ton machine such as a Cat 325C is $250/hr. Add a rock breaking attachment to either of those machines and the wear and tear, and cost, goes up considerably.
Size of the Hole and Amount of Soil/Waste
Another cost factor is the size and depth of the hole. For instance, a pool or a foundation requires a larger hole than a French drain. Larger holes also mean higher costs for machine time as well as soil and other material removal.
Location
The location of a project can have a significant impact on overall cost. The further away a job is from the excavation company, dump sites and gravel pits, the higher the costs of trucking and equipment mobilization are going to be. In an 8-hour day, a gravel truck might be able to accomplish 8 loads, or four depending on how far out the jobsite is.
Cost Calculation Methods
Every excavation company has their own formula for calculating costs. Some charge labor and equipment by the hour, while soil removal might be based on truck size. Generally, more established companies will bid the job based on a specific scope of work at a fixed price.
Specialized vs. General Contractors
Jobs that require the use of specialized contractors are often more expensive. For example, when digging around complex underground infrastructure, a hydro excavation truck is often the right choice. They are quite expensive to operate and that will drive up the cost of the project. This is just one example of how specialized contractors can impact project pricing.
Avoid Pricing That Seems Too Good To Be True
Be wary of unusually low prices. Some companies prioritize quantity and speed over quality to make a quick profit. This can lead to future problems, costing you more in the long run. Additionally, cheaper contractors might not have the financial resources or equipment to deal with potential problems on the jobsite. For example, a company with one machine might find themselves in a real bind if it breaks down. A larger outfit will generally have the resources to have it repaired or replaced quickly.
DIY Risks
Thinking about renting an excavator and doing it yourself? You want to ensure that you really understand what you’re getting into. Operating heavy machinery is complex, and mistakes can be costly. Hiring professionals is usually the safer and more cost-effective choice.
Choose a Trustworthy Excavation Company
The safest, and often least expensive route with excavation is to hire an established local company with a good reputation. Weekend warriors and new outfits might tempt you with unusually low pricing, but there’s an inherent risk that goes along with that. Choosing a known contractor will ensure that your project moves smoothly from start to finish.
We hope this article has helped you better understand the factors that affect excavation cost in Victoria, BC. At Erdem, we have earned our good reputation through hard work, diligence and clear communication. If you’re looking for a trustworthy local contractor for your next excavation project, you won’t regret calling Erdem Excavating.
