Final Term 2 Flashcards
a major concern of the client throughout the planning design and construction phases of a project
probable total cost
the probable total capital cost is made up of:
- professional engineering cost
- construction cost
- legal and land cost
- owners costs, including project administration , staffing, financing and other overhead.
- contingency allowance for unknowns
A Civil Engineer is often engaged to make a study and to render a planning report on the contemplated project, including alternative solutions, layouts, and locations along with the probable project cost. The study and report phase
may include the cost for
field and traffic surveys,
planning analyses,
geotechnical explorations
and analyses , in addition,
to the direct engineering
costs.
professional engineering cost
the cost of coordination, evaluation, implementation and compliance have increased correspondingly. The extent of these concerns may not be identified during study and report phase as a result the estimated probable total cost of the project must be understood to be preliminary in nature.
professional engineering cost
- the study and report phase is important because its implementation determines the scope and development of the entire project and its ultimate capital and lifecycle cost.
- during the final design and construction phase additional survey and geotechnical services may be needed.
professional engineering cost
the study and report phase includes a preliminary estimate of the construction cost for the contemplated project and for alternative project configurations. In addition, the timing of the construction work must be considered because inflation will affect the construction cost.
construction cost
It is the estimated total cost of constructing the facility to be covered by the proposed detail design or construction supervision services, excluding the fees and other costs of such services, the cost of land and legal administrative expenses of the agency.
constuction cost
These cost which includes audits, the cost of issuing bonds, land costs, and interest for borrowed money during construction are part of the probable total project cost and can best be estimated in cooperation with the client because they are usually outside the knowledge and control of the Civil Engineer.
legal, land, administation staffing and financial cost
As the project moves forward from the study and report phase through the final design phase and finally to construction award more becomes known about project details and costs until at the completion of the project, the final project cost becomes a known quantity.
contingency allowance
- to provide for intangible costs, contingencies should routinely be added to basic cost estimate.
- it is common practice to add 20% or more to estimated probable total project cost at the completion of the study and report phase reducing this to perhaps 10% at the completion of final design and perhaps to 5% when construction bids become known.
contingency allowance
