Programming/BudgetEngineering.. Current WisDOT Policy and Guidelines : mega/mg-budget-est-mgmt.pdf
10
WISDOT MAJOR FEDERAL MAJOR/WISDOT MEGA PROJECT ESTIMATES Programming/ Budget Engineering .
-
Upload
alannah-sullivan -
Category
Documents
-
view
217 -
download
1
Transcript of Programming/BudgetEngineering.. Current WisDOT Policy and Guidelines : mega/mg-budget-est-mgmt.pdf
WISDOT MAJOR FEDERAL MAJOR/WISDOT MEGA PROJECT ESTIMATES
Programming/Budget
Engineering
.
Current WisDOT Policy and Guidelines :http://roadwaystandards.dot.wi.gov/standards/mega/mg-budget-est-mgmt.pdf
Major Cost Estimating Tool:http://dotnet/consultants/estimates/estimates-major.shtm
COST ESTIMATING TYPES
WisDOT Base Estimate (Current Year Dollars)
FHWA Year of Expenditure (YOE) Estimate
4
MajorRoadway
ItemsCosts
Item Quantityx
Est. Unit Cost
Allowable/AllowanceFactors
Major Item Cost subtotalx
predetermined percentages for items to the left
RiskFactor
Pavement, Base & Subbase• Mainline & System Ramps• Service Ramps• Cross Road• Frontage Roads• Local Roads
Removing Pavement Barrier Wall Curb & Gutter Earthwork Structures
• Bridge Removal• New Bridge• Retaining Wall Removal• New Retaining Wall• New Noise Walls• New Box Culvert/Extension
Drainage Erosion Control & Restoration Traffic Control & Staging Lighting Signing/Marking ITS/FTMS Roadway Incidentals Engineering
Independent assessment of the project and potential for risks that could drive up project costs.
BASE COST ESTIMATE TRANSFER LOGIC
320.XXXX Concrete Pavement 460.XXXX Asphaltic Pavement 204.XXXX Removing Pavement 603.XXXX Barrier Wall 601.XXXX Curb and Gutter 205.XXXX Excavation 502.XXXX Structures
SPV.XXXX Special Provision
608.XXXX Drainage 625.XXXX Erosion Control 643.XXXX Traffic Control 659.XXXX Lighting 637.XXXX Signs 647.XXXX Marking 677.XXXX ITS/FTMS 690.XXXX Roadway Incidentals Engineering Contract
Uncertainty Don’t know what you don’t know
LIFE CYCLE COST ESTIMATE
MajorRoadway
ItemCosts
PreliminaryEstimate
LC 11
LC 15
LC 20
AllowanceFactors
RiskFactor
DSREstimate
PSEEstimate
As project development progresses, risk and allowance factors are incorporated into refined estimate and quantities.
LC 40
AwardEstimate
LC 50
FinalCost
ESTIMATIONPRE-
CONSTRUCTION
CONSTRUCTION
$100 $300 $500 $505 $636
CCO
UNCERTAINTY
CCO
KNOWN - UNKNOWN
MAJOR RDWY ITEMSSTUCTURESSPECIAL CONST. ELEMENTS
ALLOWNACE ITEMSPROJECT DELIVERYCSSEXTERNAL COSTSSCOPECCO/Claims
RISK ADJUSTMENTS
UNCERTAINTY
KNOWNUNKNOWNK
NO
WN
U
NK
NO
WN
QUANTIFY % FACTOR
= Project Contingency
KNOWN - UNKNOWN
MAJOR RDWY ITEMSSTUCTURESSPECIAL CONST. ELEMENTSDELIVERYCSSEXTERNAL COSTSALLOWANCESCOPE
CCO/CLAIMS
RISK ADJUSTMENTS
UNCERTAINTY
KNOWNUNKNOWNK
NO
WN
U
NK
NO
WN
QUANTIFY % FACTOR
http://www.dot.wisconsin.gov/projects/state/sixyear/major.htm
= Project Contingency
8
SIDE BENEFITS:
LC 20
LC 50
$100 Preliminary
LC 15
LC 11
LC 40
$300 DSR
$500 PSE
$505Award
$636 Final
•Improve data integrity •Improve performance measurement of “in-budget”•Improve reporting to legislature/industry•Improve allowable factor percentages•Improve risk factor percentages•Improve program stability•Improve investment strategies
YEAR OF EXPENDITURE COST ESTIMATE
DESIGNCONSTRUCTIONREAL ESTATEUTILITIES
CCO/CLAIMS
RISK ADJUSTMENTS
UNCERTAINTY
KNOWNUNKNOWNK
NO
WN
U
NK
NO
WN
QUANTIFY % FACTOR
TIME
INFLATION
= Project Contingency
