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Title: Lee County, Florida, Shore Protection Project: Gasparilla Island Segment: Final Integrated Section 934 Report and Environmental Assessment; Appendix B: Cost Engineering and Risk Analysis
Authors: United States. Army. Corps of Engineers. Jacksonville District.
Keywords: Shore protection
Beach nourishment
Gasparilla Island (Fla.)
Publisher: United States. Army. Corps of Engineers. Jacksonville District.
Abstract: Corps of Engineers cost estimates for planning purposes are prepared in accordance with the following guidance: •Engineer Technical Letter (ETL) 1110‐2‐573, Construction Cost Estimating Guide for Civil Works, 30 September 2008 •Engineer Regulation (ER) 1110‐1‐1300, Cost Engineering Policy and General Requirements, 26 March 1993 •ER 1110‐2‐1302, Civil Works Cost Engineering, 30 June 2016 •ER 1110‐2‐1150, Engineering and Design For Civil Works Projects, 31 August 1999 •ER 1105‐2‐100, Planning Guidance Notebook, 22 April 2000, as amended •Engineer Manual (EM) 1110‐2‐1304 (Amendment 3: Tables revised 30 September 2013), Civil Works Construction Cost Index System, 31 March 2012 •CECW‐CP Memorandum For Distribution, Subject: Initiatives To Improve The Accuracy Of Total Project Costs In Civil Works Feasibility Studies Requiring Congressional Authorization, 19 Sep 2007 •CECW‐CE Memorandum For Distribution, Subject: Application of Cost Risk Analysis Methods To Develop Contingencies For Civil Works Total Project Costs, 3 Jul 2007 •Cost and Schedule Risk Analysis Process, October 2010 The goals of Cost Engineering for the Lee County, Gasparilla Island Section 934 Report is to present the Total Project Cost (construction and non‐construction costs) for the recommended plan at the current price level. This information will be used to determine if a 40‐year extension of Federal participation in the Gasparilla Island Segment of the Lee County authorized project is economically justified. In addition, the costing efforts are intended to produce a final product (cost estimate) that is reliable and accurate and that supports the definition of the Government’s and the non‐Federal sponsor’s obligations. The cost estimating effort for the study was coordinated with the economic effort to determine the appropriate nourishment interval based upon annualized costs and benefits. The final cost estimate included in the report was based on construction feature unit pricing and are prepared in Civil Works, Work Breakdown Structure (CWWBS) format to the sub‐feature level. This cost estimate supports the National Economic Development (NED) plan ‐ Recommended Plan. This estimate is supported by the preferred labor,equipment,materials and crew/production breakdown. A fully funded (escalated for inflation through project completion) cost estimate, the Baseline Cost Estimate or Total Project Cost Summary, has also been developed. A risk analysis was prepared that addresses uncertainties in and sets contingencies for the Recommended Plan cost items. The Cost Schedule Risk Analysis (CSRA) Report, reviewed by the Cost Engineering Mandatory Center of Expertise (MCX) for Civil Works, is appended to this attachment as Addendum C. The MCX is located at the Walla Walla District Cost Engineering Branch.
Description: Section 934 Report/Environmental Assessment
Rights: Approved for Public Release; Distribution is Unlimited
Size: 37 pages / 965.9 Kb
Types of Materials: PDF/A
Appears in Collections:Environmental Documents

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