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TCRP Report 138: Estimating Soft Costs for Major Public Transportation Fixed Guideway Projects (2010)
Transit Cooperative Research Program (TCRP)

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Transportation Research Board. "2.6. Summary and Conclusion." TCRP Report 138: Estimating Soft Costs for Major Public Transportation Fixed Guideway Projects. Washington, DC: The National Academies Press, 2010.

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Page
52
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Page
52
Front Matter (R1-R9)
Part 1: Guidebook (1-2)
Introduction (3-3)
Chapter 1 - What Are Soft Costs and Why Do They Matter? (4-4)
Chapter 2 - How and Who This Guidebook Helps: Audience and Circumstances (5-5)
Definition of Soft Costs (6-6)
What Are the Components of Soft Costs? (7-7)
Typical versus Less Typical Soft Costs (8-8)
What Soft Costs Are Not: It Depends on Perspective (9-10)
When Does FTA Ask for Soft Cost Estimates? (11-11)
Characteristics of the Federal Process That Affect Soft Costs (12-12)
Federal versus Non-Federal Projects (13-13)
Later Phases (14-15)
How Does This Practice Compare with Actual Costs? (16-17)
Art versus Science (18-18)
Quantifying Soft Costs (19-19)
Four-Step Process (20-24)
Applying These Steps: Two Example Projects (25-29)
Appendix A - FTA Capital Cost Database (30-31)
Appendix B - Soft Cost Estimation Worksheet (32-33)
Appendix C - Glossary (34-36)
Part 2: Final Report (37-39)
S.1. Definition of Soft Costs (40-40)
S.2. Soft Cost Estimation: State of the Practice (41-42)
S.4. A New Approach to Estimate Soft Costs (43-43)
S.5. Future Research Direction (44-44)
1.2. Background (45-45)
1.3. Definition of Soft Costs (46-47)
1.4. Organization of This Report (48-48)
2.1. Papers and Websites (49-49)
2.3. Textbooks and Technical Books (50-50)
2.5. European Sources (51-51)
2.6. Summary and Conclusion (52-52)
3.1. In-Depth Interviews with Professional Cost Estimators (53-54)
3.3. Questionnaire Results: Magnitude of Estimated Soft Costs (55-59)
3.4. Questionnaire Results: Drivers Identified (60-61)
3.5. Questionnaire Results: Impact of Drivers (62-65)
4.2. Data Source: FTA Capital Cost Database (66-67)
4.3. Potential Issues in Soft Cost Categorization (68-69)
4.4. Historical Soft Costs (70-76)
4.5. Relationships between Cost Drivers and Historical Soft Costs (77-87)
5.2. Soft Cost Estimation: State of the Practice (88-88)
5.3. As-Built Cost Analysis (89-89)
5.4. Future Research Directions (90-90)
Bibliography (91-92)
Appendix A - Cost Estimators Interviewed (93-93)
B.1. Data Sources for Project Descriptions (94-94)
B.2. Project Descriptions (95-107)
C.2. Adjustments Addressing Different Cost Categorization (108-108)
C.5. Vehicle Soft Costs (109-109)
C.6. Soft Costs by Mode and Year (110-112)
C.7. Soft Costs by Complexity: Overall Project Size (113-116)
C.8. Soft Costs by Complexity: New versus Extension (117-118)
C.9. Soft Costs by Complexity: Percentage of Guideway Not at Grade (119-120)
C.10. Soft Costs by Complexity: Percentage of Guideway Below Grade (121-122)
C.11. Relationships Among Other Category Unit Costs (123-124)
C.13. Soft Costs and Project Development Budget (125-126)
C.14. Soft Costs and Project Development Schedule (127-129)
C.15. Vertical Profile and Soft Cost Measurement (130-130)
C.16. Isolating Agency-Specific Effects (131-134)
Abbreviations used without definitions in TRB publications (135-135)

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OCR for page 52
Literature Review on Soft Cost Definition and Components 17 Table 5. Breakdown of cost categories according to the CEEC. CONSTRUCTION COSTS A Preliminaries B Substructure C External superstructure/envelope structure D Internal superstructure E Internal finishings F Services installations G Special equipment H Furniture and fittings I Site and external works J Construction contingencies K Taxes on construction DESIGN AND INCIDENTAL COSTS L Design team fees M Ancillary costs and charges N Project budget contingencies O Taxes on design and incidental costs COSTS IN USE P Maintenance Q Operation R Disposal S Decommissioning T Taxes LAND AND FINANCE U Land costs V Finance W Grants and subsidies X Taxes on land construction and non-construction costs, although the term "soft costs" is not used even in English speaking nations (the United Kingdom and Ireland). 2.6. Summary and Conclusion In general, despite minor differences, the various definitions of soft costs in the professional publications are generally consistent. Methods of estimating or allocating these costs vary and change from organization to organization. From this literature review the researchers conclude that the definition provided by the FTA in Standard Cost Category 80 is a comprehensive defi- nition consistent with most of the sources that were reviewed.