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From page 49... ... As shown in Figure 5.1, this Baseline ROW Cost Estimate is prepared during the programming phase of project development. The final output of this cost estimating effort is a Baseline ROW Cost Estimate that is part of the Total Project Baseline Cost Estimate for the project included in the priority program. Read the entire page →
From page 50... ... Determine Baseline ROW Estimate Basis Review ROW required as documented per project type and scope Request clarification of uncertain ROW requirements Document requirements in project estimate file Approve & Communicate Baseline ROW Cost Estimate Obtain Management approval Authorize communication internally and externally Determine Baseline ROW Risk & Set Contingency Identify risks Assess and analyze risks Assign contingency Document risk analysis and basis for contingency Compile baseline ROW cost estimate (base plus contingency) Review Baseline ROW Cost Estimate Determine Level of Review Review estimate basis & assumptions Verify completeness and Cost Data Review contingency amount based on identified risks Prepare Estimate package for approval Baseline ROW Cost Estimate To Preliminary Design Scope Development ROW Requirements Input from Environmental, Utilities, Railroad Prepare Baseline ROW Base Estimate Review estimate basis Document observations from field visit Calculate total acreage by land type based on potential parcel area Develop cost basis for each ROW element Convert cost basis to estimate for each element Document estimate assumptions including uncertain items Summarize all estimate elements for total ROW base cost Real Estate Inflation Rate Land Market Values Field Visit by Estimator (Improvements, Damages, Existing Conditions, etc.) Read the entire page →
From page 51... ... The first step in Figure 5.1, Determine ROW Cost Estimate Basis, is critical because the ROW estimator must document all known ROW requirements based on input from the project development team -- project manager and lead design staff. Project Complexity Overall, project complexity can be described by attributes as shown in Tables 3.4 through 3.6. Read the entire page →
From page 52... ... 3. Document the requirements in the ROW Cost Estimate File (D4.1) Read the entire page →
From page 53... ... The file is a critical input to the review baseline ROW cost estimate step and will eventually form the basis for tracking and assessing potential changes to the baseline ROW cost estimate. The ROW Cost Estimate file first prepared in the planning phase is also a good starting point. Read the entire page →
From page 54... ... The ROW estimator has substantial specific and definitive information to consider and evaluate in developing the baseline ROW cost estimate. Although parcels are roughly identified, specific cost elements, such as improvements and/or damages, may still require the use of historical data to arrive at an estimated costs. Read the entire page →
From page 55... ... should be populated with additional information beyond what is included in the ROW Cost Estimating System shown in Figure 5.2. Baseline ROW Cost Estimate 55 Read the entire page →
From page 56... ... Trained estimators know how to document correctly and clearly disclose all estimate basis assumptions in the ROW Cost Estimate File. Trained estimators carefully consider the effect of environmental issues, potential utility relocations, and nec56 Procedures Guide for Right-of-Way Cost Estimation and Cost Management Figure 5.2. Read the entire page →
From page 57... ... The next step in the estimate preparation process is to determine ROW risk and set the contingency amount that should be added to the base estimate. An understanding of risk and uncertainty and the establishment of an appropriate contingency are fundamental to creating a realistic Baseline ROW Cost Estimate. Read the entire page →
From page 58... ... Identify risks. Review the lists of assumptions, uncertainties, issues, and concerns generated during the preparation of both the Conceptual ROW Cost Estimate and the prepare baseline ROW base estimate step. Read the entire page →
From page 59... ... Baseline ROW Cost Estimate 59 Read the entire page →
From page 60... ... Assignment of contingency through a percentage was discussed in Chapter 4, Conceptual ROW Risk and Set Contingency process description. The process applies to the Baseline ROW Cost Estimate as well, but the percentages change with the increased specificity of scope definition. Read the entire page →
From page 61... ... Circulation Comments may Indicate Additional Risks Conceptualize Project Scope (Responsibility of Project Manager and Sponsor) Figure 5.3. Read the entire page →
From page 62... ... Review Baseline ROW Cost Estimate It is always necessary to verify independently that an estimate is complete, matches the project scope, and is consistent with known site conditions. Because the outcome of this process is 62 Procedures Guide for Right-of-Way Cost Estimation and Cost Management Figure 5.4. Read the entire page →
From page 63... ... Inputs The reviewer needs a copy of the Baseline ROW Cost Estimate and the ROW Cost Estimate File with the supporting documentation. If the Baseline ROW Cost Estimate and the ROW Cost Estimate are not contained in the estimated file, the reviewer also needs a copy of the latest scope document for the project. Read the entire page →
From page 64... ... This step focuses on compiling all estimate documents and organizing them into a single package to include cost summaries, detailed estimates, estimate basis and assumptions, and quantity calculations. Tools The formality of a baseline ROW cost estimate review and the depth of that review at each stage in project development will vary depending on the type of project and ROW situation complexity. Read the entire page →
From page 65... ... Process Step Description Completing all the cost estimation steps, which are initiated during programming, leads to an approved Baseline ROW Cost Estimate, as shown in Figure 5.1. The review and approval steps support baseline cost estimates for priority programming and ensure that the planned facility meets project requirements so that a project can be entered in the STIP. Read the entire page →
From page 66... ... Outputs The output of the approval step is a Baseline ROW Cost Estimate. This estimate is used to manage project scope and cost as the design team proceeds to translate the transportation solution into contract documents. Read the entire page →

From page 49...

... As shown in Figure 5.1, this Baseline ROW Cost Estimate is prepared during the programming phase of project development. The final output of this cost estimating effort is a Baseline ROW Cost Estimate that is part of the Total Project Baseline Cost Estimate for the project included in the priority program.