Topic:"Cost Considerations" in M12746

Contingency Statement Contingency for this project has been determined using a combination of internal subject matter experts' experience with work on the system and within hydro (Professional Engineers) and the non-binding contingency gui...

AI summary The project's 15% contingency, classified as Class 3, addresses risks like water management challenges, permit delays, unknown powerhouse conditions, and weather disruptions. Internal experts and non-binding guidelines informed this estimate, aiming to cover potential construction and operational uncertainties.

3.2.2 Capital Cost Estimate and Construction Schedule The cost estimates presented in this report are Class 5 cost estimates. Class 5 cost estimates are based on limited project definition, usually in the 0% to 2% range, and are intended t...

AI summary The report provides Class 5 capital cost estimates for Option A-1 at $200,000, noting these are preliminary and suitable only for concept screening. Construction is planned for January to spring 2024, with costs excluding project management and capital expenses.

3.4.2 Capital Cost Estimate and Construction Schedule The estimated capital cost (Class 5 estimate) of Option A-3 is $510,000. It will be challenging to execute the work between January, 2024 and spring 2024.

AI summary The estimated capital cost (Class 5 estimate) for Option A-3 is $510,000, with implementation between January 2024 and spring 2024 expected to be challenging due to scheduling constraints.

Description Pros Cons Potential Risks Long term maintenance Lower long-term maintenance as the berm will not be over topped except potentially very extreme flow and tide conditions. Siphon will require periodic inspection and, possibly, pr...

AI summary The text presents a comparison of two infrastructure options, focusing on their long-term maintenance, capital costs, and potential risks. The first option involves a berm with lower long-term maintenance costs but higher initial capital costs, while the second involves a siphon and pump system with potential maintenance and operational risks.

Request IR-6: - Please provide additional details regarding the increase in forecast project costs from approximately $1.32 million to $1.76 million, including: - a) A breakdown of the principal cost drivers contributing to the variance; -...

AI summary Request IR-6 seeks clarification on a $440,000 project cost increase, including cost drivers, revised water source rationale, archaeological/permitting concerns, contractor pricing discrepancies, and remaining escalation risks.