wisdot mega PROJECT estimates ProgrammingBudget Engineering Current WisDOT Policy and Guidelines httproadwaystandardsdotwigovstandardsmegamgbudgetestmgmtpdf Major Cost Estimating Tool ID: 807429
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Slide1
Wisdot Major Federal major/wisdot mega PROJECT estimates
Programming/Budget
Engineering
.
Slide2Current 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
Slide3COST ESTIMATING TYPES
WisDOT
Base Estimate (Current Year Dollars)
FHWA Year of Expenditure (YOE) Estimate
Slide44
Major
Roadway
Items
Costs
Item QuantityxEst. Unit CostAllowable/AllowanceFactorsMajor Item Cost subtotalxpredetermined percentages for items to the leftRiskFactorPavement, Base & SubbaseMainline & System RampsService RampsCross RoadFrontage RoadsLocal RoadsRemoving PavementBarrier WallCurb & GutterEarthworkStructuresBridge RemovalNew BridgeRetaining Wall RemovalNew Retaining WallNew Noise WallsNew Box Culvert/ExtensionDrainageErosion Control & RestorationTraffic Control & StagingLightingSigning/MarkingITS/FTMSRoadway IncidentalsEngineeringIndependent assessment of the project and potential for risks that could drive up project costs.BASE COST ESTIMATE TRANSFER LOGIC320.XXXX Concrete Pavement460.XXXX Asphaltic Pavement204.XXXX Removing Pavement603.XXXX Barrier Wall601.XXXX Curb and Gutter205.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
Slide5LIFE CYCLE COST ESTIMATE
Major
Roadway
Item
Costs
PreliminaryEstimateLC 11LC 15LC 20AllowanceFactorsRiskFactorDSREstimatePSEEstimateAs project development progresses, risk and allowance factors are incorporated into refined estimate and quantities.LC 40AwardEstimateLC 50
Final
Cost
ESTIMATION
PRE-
CONSTRUCTION
CONSTRUCTION
$100
$300
$500
$505
$636
CCO
UNCERTAINTY
CCO
Slide6KNOWN - UNKNOWN
MAJOR RDWY ITEMS
STUCTURES
SPECIAL CONST. ELEMENTS
ALLOWNACE ITEMS
PROJECT DELIVERYCSSEXTERNAL COSTSSCOPECCO/ClaimsRISK ADJUSTMENTSUNCERTAINTYKNOWN UNKNOWNKNOWN UNKNOWN QUANTIFY % FACTOR= Project Contingency
Slide7KNOWN - UNKNOWN
MAJOR RDWY ITEMS
STUCTURES
SPECIAL CONST. ELEMENTS
DELIVERY
CSSEXTERNAL COSTSALLOWANCESCOPECCO/CLAIMSRISK ADJUSTMENTSUNCERTAINTY KNOWN UNKNOWNKNOWN UNKNOWN QUANTIFY % FACTORhttp://www.dot.wisconsin.gov/projects/state/sixyear/major.htm= Project Contingency
Slide8SIDE BENEFITS:
8
LC 20
LC 50
$100
PreliminaryLC 15LC 11LC 40$300 DSR$500 PSE$505Award$636 FinalImprove data integrity Improve performance measurement of “in-budget”Improve reporting to legislature/industryImprove allowable factor percentagesImprove risk factor percentagesImprove program stabilityImprove investment strategies
Slide9YEAR OF EXPENDITURE COST ESTIMATE
DESIGN
CONSTRUCTION
REAL ESTATE
UTILITIES
CCO/CLAIMSRISK ADJUSTMENTSUNCERTAINTY KNOWN UNKNOWNKNOWN UNKNOWN QUANTIFY % FACTORTIME INFLATION= Project Contingency
Slide10QUESTIONS
Sharon Bremser, P.E.
Major Projects Program Manager608-266-3341Sharon.bremser@dot.wi.gov