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Excavation Prices. Excavation can cost a variety of prices. It is very difficult to pin down specific costs for this because it is so area specific. It could cost $85 to $125 per hour for residential excavation work.That is, if you can find someone to do a job by the hour.n excavation company will charge somewhere between $80 and $200 per square yard. It depends a lot on geographic location, the layout of the lot, and challenges that may be present for the particular job. After hearing speaking to excavation companies you will be hard-pressed to have them quote you an hourly rate.
In its simplest case, if you rented a tractor with operator for $60 per hour-including all fuel and other costs-and you excavated 100 cubic meters per hour, your unit cost for excavation would be $0.60 per cubic meter. The hourly cost of the tractor with operator is called the machine rate.In cases where the machine and the elements of production are not rented, a calculation of the owning and operating costs is necessary to derive the machine rate.n its simplest case, if you rented a tractor with operator for $60 per hour-including all fuel and other costs-and you excavated 100 cubic meters per hour, your unit cost for excavation would be $0.60 per cubic meter. The hourly cost of the tractor with operator is called the machine rate.