Topic:"Cost Considerations" in M12455

Matter: Nova Scotia Power Inc. - CI C0059783 – HYD Upper Lake Falls 2 Overhaul – $1,582,014

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Preamble p. p. 5

This project is being submitted as an AACE Class 3 estimate. The defined deliverables of this project indicate that 73% of the Class 3 deliverables have been completed. AACE recommends applying between 10% to 30% contingency to estimates i...

AI summary The project is submitted as an AACE Class 3 estimate with 73% of deliverables completed. A 15% contingency is applied to account for risks such as water management and potential refurbishment needs. The maturity level reflects the completion status of deliverables, with descriptors indicating progress from 'Not Required' to 'Complete'.

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