Topic:"Cost Considerations" in M12837

Contingency Statement Contingency for this project has been determined using a combination of internal subject matter expert judgment (professional engineers and field personnel) based on previous line replacement and upgrade experience an...

AI summary The project's contingency is set at 15% based on internal expertise and nonbinding guidelines, classified as Class 3. Risks include overtime due to shortened outages, material cost increases, remote access challenges, and unexpected asset replacements.

Execution Year: 2026-2027 Description Unit Quantity Unit Estimate Total Estimate Cost Support Reference Completed Similar Projects (FP#'s) Regular Labour T&D Labour - Site Supervision Design - Engineering PD PD 60 220 $ $ 461 452 $ $ 27,79...

AI summary The document outlines a cost estimate for a project spanning 2026-2027, including labor, materials, contracts, and overhead costs. It breaks down expenses into categories such as regular labor, materials, contracts, and administrative overhead, with a total estimated cost of $3,603,351.

This project is being filed as a Class 3 estimate. The defined deliverables for this project indicate that 70% of Class 3 deliverables are completed. A contingency value of 15% was selected to account for specific risks such as contractor...

AI summary The project is filed as a Class 3 estimate with 70% of deliverables completed. A 15% contingency was selected to account for known risks and unforeseen challenges during the project's scope of work.

Execution Year: 2026 Description Unit Quantity Unit Estimate Total Estimate Cost Support Reference Completed Similar Projects (FP#'s) Regular Labour Sub-Total $ 131,506 Materials Sub-Total $ 356,744 Contracts Sub-Total $ 1,385,505 Other Go...

AI summary The document provides a cost estimate breakdown for a project in 2026, including categories such as labour, materials, contracts, and contingency. The total estimated cost is $2,154,819, with contingency accounting for 15% of the total. The figures are used for budgeting purposes and include an average of salaries across various job classifications.

2010 ACE Plan Directive The Board's Order dated May 11, 2010, included the following directive: …a process whereby the Board will be informed in advance, to the extent possible, of proposed Unforeseen and Unbudgeted ("U&U") expenditures, t...

AI summary The 2010 ACE Plan Directive requires NS Power to notify the Board of Unforeseen and Unbudgeted (U&U) expenditures in advance, including justification and cost updates. NS Power currently reports no U&U expenditures requiring Board approval, as stated in a letter from Manager, Regulatory Capital Lana Myatt.