Cost Estimating Walter Kafuka Types Of Estimates Construction/Bid Estimates Engineering/Budget Estimates ROM (Rough Order of Magnitude) Estimates

Estimating Construction Work Pay close attention!

What’s in a Cost Estimate? Direct Costs Labor Material Equipment Subcontracts Other Costs Fees (Permit, Disposal etc.)

What’s in a Cost Estimate? Indirect Costs General Conditions - Project Management/Supervision - Trailers/Storage Containers - Temporary Utilities - Badges/Access Passes (NASA/AirForce/USACE/NAVFAC) Permits Design/Submittals

Mark-ups Labor Burden Sales Tax Overhead Profit Contingency

The Process of Building an Estimate Quantity Takeoffs Digital Roller Scale Architectural Ruler On-Screen Take-off Conversion to the Correct Scale For example – covert LF of walls to SF

The Process of Building an Estimate RS Means will provide you with your labor, material and equipment costs Begin populating your estimate by looking up scopes of work in RS Means Via use of RS Means books Via use of Estimating Software Sage Estimating (formerly Timberline) Trimble WinEst (WinEstimator)

The Process of Building an Estimate Adjustments to RS Means Values Labor Adjustments Davis Bacon Wage Determinations Union Labor Previous Experience Material Adjustments Vendor Quotes Equipment Cost Adjustments Equipment Rental Quotes Subcontracts

Adding Some Mark-ups Determine the Sales Tax for your Area Applies to your Material & Equipment Costs Determine your Labor Burden Costs that cover state and federal taxes, Payroll Taxes, Workers Compensation Insurance, SUTA, Benefits

General Conditions Any Permits required? Environmental Permits Building Permits Determine a duration for your project This will be what you use to determine how long you will need to have the following: Field Supervision Project Management Trailers/Utilities

Adding More Mark-ups Contingency Profit Overhead Typically determined by Ownership Sometimes determined by the client Profit For negotiated Government Contracts there is usually a scale that determines profit allowed Overhead Typically determined by accounting Sometimes determined by the Client (for Engineering/Budget Estimates)

Engineering Input Typically provided for Engineering/Budget Estimates and Design-Build bids Drawing reviews with engineers & architects Value Engineering Options

Case Study: SSPF Labs Renovation Engineering/Budget Estimate Renovation of PEMB space to lab space Design to Budget < $1M Cost Estimates to be provided at 45%, 90%, 100% & Final

SSPF Labs Renovation Perform quantity take-offs & continue process as described before to produce estimate. Contractor OH & Profit for budgeting determined by NASA. Contingency determined by NASA.

SSPF Labs Renovation Additional Considerations Provide back-up quotes for specialty items or systems over $5k that include: Air Handler Lab Equipment (Bio-Safety Cabinets, Glass Washers, etc.) Lab Lighting

About the Project “I-4 Ultimate” Florida Department of Transportation Public-private partnership (P3) 21 miles of I-4 Reconstruction, including 4 new tolled Express Lanes Interchange improvements Traditional design & construction Financing Long-term/40-year Operations & Maintenance $2.3 Billion Budget Biggest Transportation Project in FDOT History

Project Schedule Financial Close: 4 September Design/Notice to Proceed 1: 3Q2014 Construction/Notice to Proceed 2: 1Q2015 Substantial Completion: 4Q2020 Final Acceptance: 1Q2021 Overall ~6.5 year schedule

I-4 Mobility Partners Structure Florida Department of Transportation Concession Agreement Equity Contribution Agreement Financing Agreements Sponsors (50/50) Lenders O&M Agreement DB Agreement CJV (40/30/30) O&M during Construction O&M works DJV (65/35)

Project Enhancements Our enhancements: Auxiliary Lanes on I-4 for capacity Provided Direct Connect Ramps to SR 408 Improved ramps/turn lanes for Level of Service Added Maitland Summit Bridge Added Kirkman Road Pedestrian Bridge Create Green Space at Parramore/Griffin Park Increase capacity at Division/Kaley Avenue Improved Bridge Architecture Key on the Lake Ivanhoe Gateway to Orlando Add Direct Connect Pylons to Express Lanes Iconic Pedestrian Bridge at Maitland Extensive landscaping and fountains Aesthetic Lighting in the Downtown Orlando Create a $1.5M fund for artwork along Corridor Deliver Platinum Envision Certification from ISI

I4 Mobility Management Plan Our Project Management Plan: HUB Office in Maitland (42,000 SF) Co-located administrative office with FDOT, COS, I-4 Mobility Partners, Volkert (QAF), SGL Constructors and Designers (HDR/Jacobs) SGL is fully integrated joint venture Setting up 4 Area Field Offices along Corridor Each area has Project Management staff responsible for safety, quality, schedule and commitments of the team Administrative leaders at the Hub Office will maintain consistency in our delivery and can move resources as required to uphold the overall schedule SGL team is proud to assemble our team of professionals that will properly plan our work in order to successfully deliver the I-4 Ultimate Project for FDOT and Central Florida

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