Managing Capital Costs of Major Federally Funded Public Transportation Projects: Contractor's Final Report (2006)

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TCRP Project G-07 — Managing Capital Costs of Final Report Major Federally Funded Public Transportation iv Figure 3-7. Histogram of Results for 28 Case Study Projects by Phase.............................. 68 Figure 4-1. Declining Potential for Value Engineering Savings.......................................... 75 Figure 4-2 Capital Cost Estimation as a Probability-Based Range of Costs ..................... 81 Figure 4-3. General Responsibilities Shared by Project Owner and Contractor............... 87 Figure 4-4. Typical Division of Risk for Design-Build.......................................................... 98 Figure 4-5. Model for Allocation of Contingency Risks ....................................................... 99 Figure 5-1. Linear Regression of Project Final Cost and Cost Change............................. 107 Figure 5-2. Linear Regression of Project Final Cost and Change With Project Type ..... 108 Figure 5-3. Linear Regression of Project Final Cost and Change With Complexity ...... 109 Figure 5-4. Linear Regression of More Recent Project Results .......................................... 110

TCRP Project G-07 — Managing Capital Costs of Final Report Major Federally Funded Public Transportation v ABBREVIATIONS AA – Alternatives Analysis AHP – Analytic Hierarchy Process CM – Construction Management DB – Design Build DBB – Design Bid Build DBOM– Design Build Operate Maintain DEIS – Draft Environmental Impact Statement EXT - Extension FD – Final Design FEIS – Final Environmental Impact Statement FFGA - Full Funding Grant Agreement FTA – Federal Transit Administration FTE - Full Time Equivalent HRT – Heavy Rail Transit ITP - Independent Testing Program LF - Lineal Feet LPA – Locally Preferred Alternative LRT – Light Rail Transit MA – Multi-criteria Analysis MPO - Metropolitan Planning Organization MSM – Multi-criteria Scoring Model NTP - Notice To Proceed PE – Preliminary Engineering PMP - Project Management Plan REH - Rehabilitation ROW – Right of Way TS – Total Sum UMTA– Urban Mass Transportation Administration/Federal Transit Administration