Programming/BudgetEngineering.

Current WisDOT Policy and Guidelines : mega/mg-budget-est-mgmt.pdf mega/mg-budget-est-mgmt.pdf Major Cost Estimating Tool: major.shtm

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

4 Major Roadway Items Costs Item Quantity x Est. Unit Cost Allowable/Allowance Factors Major Item Cost subtotal x predetermined percentages for items to the left Risk Factor  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.  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 Major Roadway Item Costs Preliminary Estimate LC 11 LC 15 LC 20 Allowance Factors Risk Factor DSR Estimate PSE Estimate As project development progresses, risk and allowance factors are incorporated into refined estimate and quantities. LC 40 Award Estimate LC 50 Final Cost ESTIMATION PRE- CONSTRUCTION $100$300$500$505$636 CCO UNCERTAINTY CCO

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

KNOWN - UNKNOWN MAJOR RDWY ITEMS STUCTURES SPECIAL CONST. ELEMENTS DELIVERY CSS EXTERNAL COSTS ALLOWANCE SCOPE CCO/ CLAIMS RISK ADJUSTMENTSUNCERTAINTY KNOWNUNKNOWN QUANTIFY % FACTOR = Project Contingency

SIDE BENEFITS: 8 LC 20 LC 50 $100 Preliminary LC 15 LC 11 LC 40 $300 DSR $500 PSE $505 Award $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 DESIGN CONSTRUCTION REAL ESTATE UTILITIES CCO/ CLAIMS RISK ADJUSTMENTSUNCERTAINTY KNOWNUNKNOWN QUANTIFY % FACTOR TIME = Project Contingency

Sharon Bremser, P.E. Major Projects Program Manager