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Wisdot Major Federal major/ wisdot mega PROJECT estimates

Programming/Budget. Engineering. Wisdot Major Federal major/ wisdot mega PROJECT estimates . . Current WisDOT Policy and Guidelines : http://roadwaystandards.dot.wi.gov/standards/mega/mg-budget-est-mgmt.pdf Major Cost Estimating Tool:

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Wisdot Major Federal major/ wisdot mega PROJECT estimates

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  1. Programming/Budget Engineering Wisdot Major Federal major/wisdot mega PROJECT estimates .

  2. 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

  3. COST ESTIMATING TYPES WisDOT Base Estimate (Current Year Dollars) FHWA Year of Expenditure (YOE) Estimate

  4. Uncertainty Don’t know what you don’t know Risk Factor • Independent assessment of the project and potential for risks that could drive up project costs. BASE COST ESTIMATE TRANSFER LOGIC • SPV.XXXX Special Provision Allowable/Allowance Factors Major Item Cost subtotal x predetermined percentages for items to the left • 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 • Drainage • Erosion Control & Restoration • Traffic Control & Staging • Lighting • Signing/Marking • ITS/FTMS • Roadway Incidentals • Engineering Major Roadway Items Costs Item Quantity x Est. Unit Cost • 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 • 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

  5. LIFE CYCLE COST ESTIMATE Risk Factor ESTIMATION PRE- CONSTRUCTION CONSTRUCTION Allowance Factors PSE Estimate DSR Estimate UNCERTAINTY $100 $300 $500 $505 $636 Major Roadway Item Costs Preliminary Estimate CCO CCO As project development progresses, risk and allowance factors are incorporated into refined estimate and quantities. Award Estimate Final Cost LC 11 LC 15 LC 20 LC 40 LC 50

  6. KNOWN - UNKNOWN KNOWN UNKNOWN MAJOR RDWY ITEMS STUCTURES SPECIAL CONST. ELEMENTS ALLOWNACE ITEMS PROJECT DELIVERY CSS EXTERNAL COSTS SCOPE CCO/Claims KNOWN UNKNOWN RISK ADJUSTMENTS UNCERTAINTY QUANTIFY % FACTOR = Project Contingency

  7. KNOWN - UNKNOWN KNOWN UNKNOWN CCO/ CLAIMS MAJOR RDWY ITEMS STUCTURES SPECIAL CONST. ELEMENTS DELIVERY CSS EXTERNAL COSTS ALLOWANCE SCOPE KNOWN UNKNOWN RISK ADJUSTMENTS UNCERTAINTY QUANTIFY % FACTOR http://www.dot.wisconsin.gov/projects/state/sixyear/major.htm = Project Contingency

  8. SIDE BENEFITS: • 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 $100 Preliminary $300 DSR $500 PSE $505 Award $636 Final LC 20 LC 40 LC 50 LC 11 LC 15

  9. YEAR OF EXPENDITURE COST ESTIMATE KNOWN UNKNOWN INFLATION CCO/ CLAIMS DESIGN CONSTRUCTION REAL ESTATE UTILITIES KNOWN UNKNOWN RISK ADJUSTMENTS UNCERTAINTY QUANTIFY % FACTOR TIME = Project Contingency

  10. QUESTIONS Sharon Bremser, P.E. Major Projects Program Manager 608-266-3341 Sharon.bremser@dot.wi.gov

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