WILMONT'S PHARMACY DRONE PROJECT COST ESTIMATE

Revision No. 01
Revision Date: Nov. 30, 2020

Effective Hours All in Labour Rate Material

Cost Estimate Labour Weeks Labour Hours Labour Costs Expenses
per week ($/hour) Costs
1.0 Develop the drone 71 2840 $312,200 $312,200 $80,000

1.1 Initiating

1.1.1 Develop Scope, Plan & Contract Negotiations 2 40 80 $65 $5,200

1.1.2 Engage Stakeholders 30 40 1200 $200 $240,000
1.1.3 Request for Funds 1 40 40 $20 $800

1.2 Planning
1.2.1 System Design 4 40 160 $45 $7,200
1.2.2 Cost Estimate 2 40 80 $20 $1,600
1.2.3 Approvals 2 40 80 $20 $1,600

1.3 Construction
1.3.1 Purchase Materials 2 40 80 $20 $1,600 $80,000 $72,136

1.4 Information and Security Testing

1.4.1 Information Systems Coordination 2 40 80 $60 $4,800
1.4.2 Interfacing online entry systems to Wilmont 3 40 120 $60 $7,200
1.4.3 Ensuring security and customer privacy 2 40 80 $50 $4,000
1.5 Flight Operations
1.5.1 Approvals and resource acquisition 2 40 80 $65 $5,200

1.5.2 Ensuring proper flight /flight path engineering 3 40 120 $95 $11,400
1.5.3 Adapting a product bagging system 3 40 120 $45 $5,400

1.6 Testing
1.6.1 Component Testing (for product carrier) 3 40 120 $35 $4,200
1.6.2 Flight Testing 4 40 160 $35 $5,600
1.6.3 Customer Interface Testing 1 40 40 $60 $2,400

1.7 Close Out

1.7.1 Document for future development of drones 3 40 120 $20 $2,400

1.7.2 Reconcile accounts and finalize payments 2 40 80 $20 $1,600

Estimate Basis Notes:

1. All in labour rate generally based on $20 per hour effective ratre for DroneTech Staff.
2. DroneTech's attorney hourly rate is involved ($65/hr)
3. Jordan Kempler's hourly rate is involved ($200/hr)
4. System Engineer's hourly rate is involved ($45/hr)
5. Materials purchased involves components for all drone prototypes and spare part of each item.
6. System engineer is involved in the design of the baggage system.
7. Includes cost for flight testing of all 4 drone types
8. Includes creating plans to adversity current project to satify Wilmont's customer.