Transcription of Cost Estimating Guideline - State
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Cost Estimating Guideline - State
Cost Estimating Guideline February, 2017 Procedures are subject to change without notice. Check the Capital Project Delivery website to ensure this is the current version. Table of Contents Section 1 - Introduction .. 1 Purpose .. 1 General Estimating Concepts .. 1 Contents of the Cost Estimating Guideline .. 2 Section 2 - Cost Management Process .. 3 Estimating Concepts Throughout Project development Stages .. 3 NJDOT Cost Estimation Process by CPD Delivery Phase .. 4 NJDOT Cost Estimating Process Summary .. 9 Estimating Process Background .. 10 Estimate Documentation.
managing project development. During the Programming and Planning stage, a project cost estimate is provided by the assigned Project Manager and negotiated with Capital Program Development (CPD) during the development of the STIP pool sheets. The funding level in the TIP sets the budget, and typically includes a target date for construction.
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