Difference between revisions of "121.7 Program Estimates"
(Per Bidding and TP, estimate guidance was clarified to reflect current practice in estimating. This new article is clarified info removed from EPG 104.7) |
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| − | + | '''<u><center>Related Information</center></u>''' | |
| − | + | * [https://www.modot.org/statewide-transportation-improvement-program-stip MoDOT's STIP website] | |
| − | + | '''<u><center>Figures</center></u>''' | |
| − | + | * [https://epg.modot.org/forms/general_files/TP/EngrFactors22to24.pdf Engineering Factors Report] | |
| − | + | * [[media:Fig 237.6.docx|Costs for Non-Contractual Items]] | |
| − | + | '''<u><center>Resource</center></u>''' | |
| − | + | * [[media:121.7 Project Scoping Form.xlsx|Project Scoping Form]] | |
| − | + | </div> | |
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The Program Estimate shall not use the cost per mile pricing. The Program Estimate shall be developed at the preliminary plan stage after 30% of the plans are completed. | The Program Estimate shall not use the cost per mile pricing. The Program Estimate shall be developed at the preliminary plan stage after 30% of the plans are completed. | ||
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The preliminary plans should provide enough detail to allow a fairly accurate Program Estimate of the major project quantities. Generally, 80% of the cost of a project will be included in the 20% of the [http://www.modot.mo.gov/business/contractor_resources/biditemslisting.htm pay items] that comprise the major items of the project. All other anticipated construction costs should also be included in the Program Estimate. | The preliminary plans should provide enough detail to allow a fairly accurate Program Estimate of the major project quantities. Generally, 80% of the cost of a project will be included in the 20% of the [http://www.modot.mo.gov/business/contractor_resources/biditemslisting.htm pay items] that comprise the major items of the project. All other anticipated construction costs should also be included in the Program Estimate. | ||
| + | The [[media:121.7 Project Scoping Form.xlsx|Project Scoping Form]] is available for detailed documentation of various project design elements of the project in order to assist the project estimator in covering all applicable project elements while establishing the program estimate. While the tool does not yield an estimate itself, it serves to clearly define and document the various project elements which combine to impact the project cost. | ||
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As details of the project become finalized, the Program Estimate is refined and updated in the STIP, as part of the annual STIP update, until the fiscal year it is scheduled to be awarded. | As details of the project become finalized, the Program Estimate is refined and updated in the STIP, as part of the annual STIP update, until the fiscal year it is scheduled to be awarded. | ||
| + | <div id="The programming estimate must address"></div> | ||
| + | The programming estimate must address the total project cost and include estimated costs for, at a minimum, PE, CE, Construction, RW, Utilities, and Bridge. Program estimate documentation (including all milestone updates) must be stored in e-Projects under the “DE Estimate” content type. In addition to the estimate itself, e-Projects should include supporting documentation for the estimate of each area. | ||
In addition, estimates of right of way costs based on generic land values will not be considered to provide the level of confidence that MoDOT requires to make STIP commitments. | In addition, estimates of right of way costs based on generic land values will not be considered to provide the level of confidence that MoDOT requires to make STIP commitments. | ||
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[[image:104.7 Estimates.jpg|left|575px]] | [[image:104.7 Estimates.jpg|left|575px]] | ||
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| − | + | <div style="float: right; margin-top: 5px; margin-left: 5px; width:150px; background-color: #f5f5f5; padding: 0.3em; border: 1px solid #cccccc; text-align:left;"> | |
| + | '''<u><center>Historic Engineering Factors Reports</center></u>''' | ||
| + | * [[media:EngrFactors21to23.pdf|FY 2021 - 2023]] | ||
| + | * [[media:104.7 EngrFactors20to22.pdf|FY 2020 - 2022]] | ||
| + | * [[media:104.7 EngFac SFY 19 to 21.pdf|FY 2019 - 2021]] | ||
| + | * [[media:104.7 EngFac SFY 18 to 20.pdf|FY 2018 - 2020]] | ||
| + | * [[media:104.7 EngFac SFY 17 to 19.pdf|FY 2017 - 2019]] | ||
| + | * [[media:104.7 EngFac SFY 16 to 18.pdf|FY 2016 - 2018]] | ||
| + | * [[media:104.7 EngFac SFY 15 to 17.pdf|FY 2015 - 2017]] | ||
| + | * [[media:104.7_EngrFactorsRptTo16.pdf|FY 2014 - 2016]] | ||
| + | * [[media:104.7 Engineering Factors Report 13 to 15.pdf|FY 2013 - 2015]] | ||
| + | * [[media:104.7 Engineering Factors Report 12 to 14a.pdf|FY 2012 - 2014]] | ||
| + | * [[media:104.7 Engineering Factors Report 11 to 13.pdf|FY 2011 - 2013]] | ||
| + | * [[media:104.7 Engineering Factors Report 10 to 12.pdf|FY 2010 - 2012]] | ||
| + | * [[media:104.7 Engineering Factors Report 08 to 10.pdf|FY 2008 - 2010]] | ||
| + | * [[media:104.7 Engineering Factors Report 07 to 09.pdf|CY 2007 - 2009]] | ||
| + | * [[media:104.7 Engineering Factors Report 06 to 08.pdf|CY 2006 - 2008]] | ||
| + | </div> | ||
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| + | All other anticipated right of way and construction costs should also be included in the Program Estimate. These may include Heritage and Homestead Valuation adjustment costs for large utility relocations, right of way easements necessary for construction activities, non-contractual, incentive/disincentive clauses, contract acceleration clauses, major environmental mitigation costs, etc. | ||
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| + | The [https://epg.modot.org/forms/general_files/TP/EngrFactors22to24.pdf Engineering Factors Report] is a useful document to help calculate a project's future engineering costs such as preliminary and construction engineering and right of way incidentals. The report is updated annually. | ||
[[Category:121 Project Planning, Prioritization and STIP Commitments |121.07]] | [[Category:121 Project Planning, Prioritization and STIP Commitments |121.07]] | ||
Latest revision as of 12:16, 16 October 2024
The Program Estimate shall not use the cost per mile pricing. The Program Estimate shall be developed at the preliminary plan stage after 30% of the plans are completed.
The best type of Program Estimate that can be produced at this stage of project development is a historic-based estimate. Based on the quantities calculated from the preliminary plans and historical data from previous bid openings, a fairly accurate Program Estimate can be produced.
The preliminary plans should provide enough detail to allow a fairly accurate Program Estimate of the major project quantities. Generally, 80% of the cost of a project will be included in the 20% of the pay items that comprise the major items of the project. All other anticipated construction costs should also be included in the Program Estimate.
The Project Scoping Form is available for detailed documentation of various project design elements of the project in order to assist the project estimator in covering all applicable project elements while establishing the program estimate. While the tool does not yield an estimate itself, it serves to clearly define and document the various project elements which combine to impact the project cost.
As details of the project become finalized, the Program Estimate is refined and updated in the STIP, as part of the annual STIP update, until the fiscal year it is scheduled to be awarded.
The programming estimate must address the total project cost and include estimated costs for, at a minimum, PE, CE, Construction, RW, Utilities, and Bridge. Program estimate documentation (including all milestone updates) must be stored in e-Projects under the “DE Estimate” content type. In addition to the estimate itself, e-Projects should include supporting documentation for the estimate of each area.
In addition, estimates of right of way costs based on generic land values will not be considered to provide the level of confidence that MoDOT requires to make STIP commitments.
Tentative right of way lines included on preliminary plans will provide a reasonable estimate of the easements and right of way required for each project. These can then be combined with an estimated amount for each property to arrive at a fairly accurate right of way estimate.
All other anticipated right of way and construction costs should also be included in the Program Estimate. These may include Heritage and Homestead Valuation adjustment costs for large utility relocations, right of way easements necessary for construction activities, non-contractual, incentive/disincentive clauses, contract acceleration clauses, major environmental mitigation costs, etc.
The Engineering Factors Report is a useful document to help calculate a project's future engineering costs such as preliminary and construction engineering and right of way incidentals. The report is updated annually.
