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Pages 28-48

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From page 28...
... CHAPTER 3 CRITICAL REVIEW OF THE STATE OF PRACTICE Chapter 2 summarized the state of practice based upon the literature review and SHA and City agency interviews. This chapter provides a critical review of SHA practice in dealing with right-of-way estimation and management of right-of-way estimates.
From page 29...
... this research. The steps are discussed further in Chapter 4.
From page 30...
... Planning Estimate The right-of-way planning estimate is generally the first estimate produced to quantify right-of-way cost. The typical timeline for the planning estimate is 10 to 20 years prior to the forecasted construction letting time.
From page 31...
... Early Scope Definition Scope definition is critically important to the development of a cost estimate. In the case of a right-of-way cost estimate, scope definition is directly related to the completeness of the stated project right-of-way requirements.
From page 32...
... Percent-based Right-of-Way Cost Estimate Three of the SHAs interviewed use a percent-based right-of-way cost estimate procedure to develop a planning cost estimate. The percent-based cost estimate involves applying a percentage value to the estimated construction cost to determine the right-of-way cost portion for the planning estimate.
From page 33...
... Therefore, the critical review in this section discusses programming and preliminary design right-of-way cost estimation together. In general, and depending on project complexity there may be a number of cost estimates prepared during the programming phase.
From page 34...
... The map provided at preliminary design will include even more detail with greater certainty as a function of the project development evolution. Parcel boundaries and rightof-way areas of each parcel are identified.
From page 35...
... procedure focuses on right-of-way cost estimating for major projects and minor projects. This classification of projects is defined in ODOT project development process (PDP)
From page 36...
... most recent comparable sales in the area. Year-to-year inflation is not constant and can even differ by area; therefore, dated historical data is of little value when attempting to estimate real estate values.
From page 37...
... Figure 2. Right-of-way cost estimate sheet used by Caltrans 34
From page 38...
... Appraisers Employed as Cost Estimators The right-of-way cost estimators at one SHA are licensed and experienced appraisers. This does not seem to be a common agency practice.
From page 39...
... risk analysis by identifying and evaluating all factors that may impact the project. Contingencies are applied based upon the risk analysis.
From page 40...
... a new estimator or the original one) will have a general idea of where the estimate stands while giving them a point of reference to begin the update.
From page 41...
... Figure 3. Screen capture of Virginia's cost estimating system (PCES)
From page 42...
... Figure 4. Screen capture of Virginia's cost estimating system (PCES)
From page 43...
... Figure 5. Screen capture of Virginia's cost estimating system (PCES)
From page 44...
... Final Design When a project transitions from preliminary design into final design, right-of-way requirements are not usually restated. In essence, the right-of-way process must be completed ahead of other design elements in the project development process to ensure that all right-of-way real estate is acquired prior to construction.
From page 45...
... separate categories: 1) cost estimation management; and 2)
From page 46...
... budget set by the baseline estimate. This examination applies both to managing right-ofway cost and total project cost.
From page 47...
... Table 3. Summary of notable practices identified through SHA interviews Project Development Phase Best Practice Description Planning Conceptual Cost Estimate Map Aerial photo or map of each potential alignment showing approximate ROW boundaries.
From page 48...
... CHAPTER SUMMARY Cost estimation and cost estimate management practices currently used by SHAs were reviewed during the research and analyzed in relation to the project development phases. This chapter discusses these SHA practices in reference to right-of-way estimates completed at the various phases of the project development process.

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