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Capital Cost Estimating & Management
FTA Capital Investment Grant for Transit Programs

With urban populations growing–coupled with increasing competing needs, funding for transportation agencies helps them address the challenges in funding the transportation needs of local communities. The FTA Capital Investment Grant (CIG) program for funding major transit capital investments, including heavy rail, commuter rail, light rail, streetcars and Bus Rapid Transit (BRT) helps transportation agencies fund major transit programs across the country.

However, transportation agencies seeking funding (Grantees) must follow and meet certain requirements. Federal transit law requires such agencies to complete a series of steps over several years. For New Starts and Core Capacity projects, the law requires the completion of two phases in advance of receipt of a construction grant agreement–Project Development and Engineering. For Small Starts projects, the law requires the completion of one phase in advance of receipt of a construction grant agreement–Project Development[1]. In addition, grantees’ proposals and deliverables must meet certain requirements.

In this training, we will explore capital cost estimating that meets FTA requirements for cost estimate deliverables from a grantee.

[1] www.transit.dot.gov/cig

Cost $2,499.00
When See Schedule
Mode of Training Virtual Training
Duration 2 days

Corporate Training

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Agenda, Learning Outcome and Audience

Topics to be Covered
Introduction to FTA Capital Investment Grant Program
Project Uncertainty
The Total Life Cycle Cost of a Capital Program Project Contingency
The Capital Cost
Professional Services
Construction Cost
The SCC Cost Breakdown Structure
The Direct Cost
Allocated, UN-allocated and Latent Contingencies
Indirect Cost and Temporal Facilities
Basis of Estimate Documentation
FTA Operational Procedure 33 and Deliverable Requirements

Learning Outcomes

  • Participants will have a better understanding of the total cost management framework in the construction industry. Understanding the framework is essential to contributing, communicating and developing cost management for Capital Improvement Programs.

  • Participants will be in a better position to manage and control the cost of their projects, and better manage the overall project.

  • Participants will gain more knowledge and better understanding of cost estimating to be able to monitor and evaluate the appropriateness of an estimate.

Audience

  • Project and Construction Executives
  • Project Managers
  • Construction Managers
  • Program Managers
  • Project Engineers
  • Cost Estimating Managers

Your Instructor

Seth Danquah, PMP, CCP

Mr. Danquah is a certified cost consultant with over 20 years of industry experience. Over the years, Mr. Danquah has worked on numerous projects, including Sacramento International Airport, San Jose Airport and California High Speed Rail.