What is the estimated cost to complete the bridge project for Hardhat Construction Company in 2020?

To determine the estimated cost to complete the bridge project for Hardhat Construction Company, it is important to consider the total costs incurred to date, the progress of the project, and the remaining work that still needs to be completed.

Establishing the correct figure involves analyzing the project’s specific circumstances, which may include previous expenditures and evaluating the projected costs based on remaining work. The $3,000,000 figure suggests that, after accounting for what has been spent and how much work is left, the company expects it will require that amount to complete the project effectively.

Choosing this amount indicates a careful assessment of the ongoing project costs and the need to budget appropriately to bring the project to completion without incurring financial overruns. It reflects a comprehensive understanding of the project's financial requirements and demonstrates a commitment to managing project costs strategically.