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APPENDIX B Soft Cost Estimation Worksheet 34

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Soft Cost Estimation Worksheet 35 This worksheet describes the methodology for estimating soft costs for a transit infrastructure project outlined in Estimating Soft Costs for Major Public Transportation Fixed Guideway Projects. The worksheet begins with a default soft cost estimate as a percentage of construc- tion costs, and makes several adjustments based on the characteristics of the project and its sponsor. Finally, the worksheet converts these percentages into the components of Standard Cost Category 80, Professional Services. Note: The Guidebook text forms an integral part of the calculations described below. Please refer to that document for more detailed instructions for completing this soft cost estimation. PE FD PM/CA Ins. Other % % % % % Starting Defaults 2.0 12.0 12.5 2.0 1.0 Alignment Length Enter one-way length of alignm ent in linear 0.9 A = 0.4 A = feet divided by 10,000 (not track-miles) A J K Construction Cost Estimate -4.5 B = -1.0 B = -0.5 B = Enter SCC 10 through 50 only, in $ billions B L M N Mode 1.5 C = 3.5 C = 1.0 C = Enter 1 for heav y rail, zero for light rail C O P Q Installation Conditions Enter 1 if project will be installed under no -3.0 D = -1.0 D = active adjacent or adjoining transit serv ice D R S Delivery Method Enter zero for Design-Bid-Build, 1 for other non- 1.0 E = -1.0 E = -7.0 E = traditional deliv ery method E T U V Economic Conditions Enter percentage point annual change in U.S. -1.0 F = -0.5 F = GDP for the latest quarter (e.g., "2.5" for 2.5%) F W X Long Project Development Phase If planning phase likely to continue longer than 1.0 G = 6.0 G = 5-7 years, enter up to 1 G Y Z Unusual Political Influence If public involv ement or political pressures are 1.5 H = 4.5 H = high, enter up to 1 H AA AB Tendency to Minimize Capital If sponsor agency's internal policies tend to -3.0 I = -1.0 I = -2.0 I = minimize capital charges, enter up to 1 I AC AD AE TOTAL Soft Cost Component Estimate J+L+P S+U+ +V+X+ O+R+T W+Z+ AB + AC M+Q+ K+N+ +Y= AA = = AD = AE = PE FD PM/CA Ins. Other Convert to SCC Components 60% Construction Cost Estimate 80 PROFESSIONAL SERVICES 80.01 Preliminary Engineering PE 40% Multiply Soft Cost Divide into even Percentage by 80.02 Final Design FD thirds, then adjust 80.03 Project Mgmt. for Design and Const. PM (see text) 80.04 Construction Administration & Mgmt. CA 80.05 Insurance Ins. 80.06 Legal; Permits; Review Fees Legal 80.07 Surveys, Testing, Investigation, Insp. Survey 80.08 Start up Startup TOTAL Soft Cost Estimate PE + FD + PM/CA + Insurance + Other = T OT AL