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Lets and Quantities Report

State Highway Program Update. Lets and Quantities Report. Wisconsin Transportation Builders Association Annual Meeting – September 25, 2008. Mark Wolfgram Division of Transportation Investment Management. FY08 Financial Recap.

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Lets and Quantities Report

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  1. State Highway Program Update Lets and Quantities Report Wisconsin Transportation Builders Association Annual Meeting – September 25, 2008 Mark Wolfgram Division of Transportation Investment Management

  2. FY08 Financial Recap • State budget not passed until the end of October, a record 4 months late • Budget repair bill not passed until mid-May, nearly the end of the fiscal year • When the smoke cleared………

  3. FY08 Financial Recap • Major highway program was up $7 million • SE freeway rehabilitation and local highway programs were unchanged • However, as in FY07, late resolution of financing led to a higher proportion of lets later in the fiscal year • State rehabilitation program was up $6 million over the starting budget

  4. $4 Maintenance/Operations $792 Improvement Program Millions Final FY08 LET Level $796

  5. Improvement Portion of Lets Exceeds Goal $792 • Main Reasons? • Assembly Budget was used to set the let goal last year • Final budget was higher $760 Let Goal Range $740 Millions

  6. History Of Lets Millions 1023 MQ 792 745 708 662 MQ 645 639 639 606 597 534 473 442 426 416 406 403 353 331

  7. History Of Construction Costs Index 1990=100

  8. History Of Construction Costs Index 1990=100 Prices Up 3x 1990

  9. History Of Lets – Constant $ Millions 413 408 363 360 352 346 345 MQ 330 331 331 328 309 MQ 297 295 284 280 280 276 263 Highway Construction Cost Index used to provide constant dollar comparison

  10. Final vs. Estimated Quantities For FY08 Millions Even -11% Even -8% +38% (Tons) (Sq Yds) (Sq Ft) (Sq Yds) (Sq Yds)

  11. Final vs. Estimated Quantities For FY08 Millions +40% +5% +1% Even (Cu Yds) (Tons) (Sq Yds) (Lin Ft)

  12. Looking Ahead and Setting the FY09 Program

  13. Setting the FY09 Program • Update all project cost estimates to FY09 dollars • Confirm a funding level for each program • State Rehabilitation • Major Highway • SE Freeway Rehabilitation • Local Highway • Add federal earmarks and carryover balances • Subtract funding needed for design/construction delivery and contract change orders

  14. Setting the FY09 Program • Result: State/Fed funding level for lets and non-lets in each program • Finalize schedule of lets and non-lets needed to deliver the program

  15. Program Funds Going To Lets % Program Funds Going To Lets

  16. Program Funds Going to Lets 66% State Highway Rehab Program Major Highway Program 58% % Program Funds Going To Lets

  17. Setting the FY09 Program • Result: State/Fed funding level for lets and non-lets in each program • Finalize schedule of lets and non-lets needed to deliver the program • Identify contingency projects to have ready in FY09 in case they’re needed • Delivery timetable slips • Increased funding becomes available

  18. $5 Maintenance & Operations $870-890 Improvement Program Millions Projected FY09 LET Level As of September 25, 2008 $875-895

  19. Caveats On FY09 Let Level Funding?

  20. Quantity Estimates Based on FY09 Program As Of September 25, 2008

  21. Estimated Excavation Quantities For FY09 17.5 Millions Of Cubic Yards

  22. Estimated Base Course Quantities For FY09 5.6 Millions Of Tons

  23. Estimated Concrete Quantities For FY09 2.0 Millions Of Square Yards

  24. Estimated Bridge Deck Quantities For FY09 2.0 Millions Of Square Feet

  25. Estimated Asphalt Quantities For FY09 2.8 Millions Of Tons

  26. Estimated Milling Quantities For FY09 6.6 Millions Of Square Yards

  27. Estimated Grinding Quantities For FY09 925.0 Thousands Of Square Yards

  28. Estimated Rubblizing Quantities For FY09 690.6 Thousands Of Square Yards

  29. Estimated Striping Quantities For FY09 22.4 Millions Of Linear Feet

  30. A Recap… Concrete Even Excavation +2% Milling -12% Asphalt -3% Base Course +10% Estimated FY09 vs. Final FY08 Rubblizing +6% Striping -33% Bridge Deck Even Grinding +75%

  31. An Update on Majors

  32. August TPC Report • 20 Major projects enumerated and in varying stages of construction • Reported an increase in cost of $321 million (2009 $) • $307 million for energy, materials and real estate • $14 million for scope and design refinements • 8 projects under study for potential enumeration

  33. Majors Schedule As of August TPC Report Millions Of 2009 Dollars Program Level Current Schedule Of Costs = $2.48 Billion

  34. Reschedule and Scope USH 41 Work To Interstate Standards Millions Of 2009 Dollars Program Level Costs Moving to ’16 and Beyond are Currently Unknown ? ? ?

  35. Future Enumerations? • Program is fully scheduled over the next 6 years, maybe longer • Timing of future enumerations depends on the future rate of increase in project costs vs. the funding available

  36. Questions?

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