Parking Garage Feasibility Study
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Transcript Parking Garage Feasibility Study
Warm Up Notes
What is an Assignment?
What’s the objective?
When is it due?
How much effort?
What criteria?
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Feasibility Studies
Module 01.1
Revised: 7/16/2015
Purpose
Introduce Students to the concept of
“back of the envelope” Plans,
Specifications, and Estimates (PS&E)
Develop conceptual solutions to
selected local problems.
Learning Objectives
Students should be able to develop a
“back of the envelope” feasibility study
for a selected, simple project to include”
Gross Work Breakdown Structure
Order of Magnitude Quantity Estimates
Order of Magnitude Cost Estimates
RAT 02.1:
Take out a piece of paper, put your name on
it,
Take 2-minutes to write:
… the three things you should be able to
calculate for a “back of the envelope”
estimate according to the previous slide.
Now hand it to the front of the room in 30
seconds, starting now.
Some Examples of Local Projects
Renovation of Ross Street (good
starter)
PS&E for a new CE Building (good
example)
Cost and Revenue projection for WERC
Parking Garage (good example)
Enhanced Parking and Access to the
Main Campus (too complex)
Ross Street:
Project Development Plan
Need – facility for opposing traffic.
At least two wide lanes for busses to pass
each other.
Mix of other traffic – emergency vehicles?,
Access to parking lots? Traffic circulation?
Local traffic is NOT a consideration.
In Class Exercise
What tasks (work break-down
structure) are required to complete the
job?
Write down list as individuals
As pairs refine the lists
As groups of four refine lists
Report results.
As Individuals
Estimate the following
Construction quantities:
Demolition of existing pavement (30-ft by
1,500-ft, for a first SWAG)
Repair of utilities (FTE-Years)
Sub base (average 4-ft deep)
Base course (average 1-ft deep)
Pavement with curb and gutter (average ¾
-ft deep)
Estimate the following:
Direct Construction Costs (labor & materials):
Demolition of existing pavement
Repair of utilities
Sub base
Base course
Pavement with curb and gutter
Fringe Benefit Costs (15% of Direct)
Indirect Costs (150% of Direct)
Profit and Contingency (It depends upon risk
factors but let’s say 10-25%)
Rough Cost Calculation Example
Cost Item
Direct Costs (Labor and Materials)
Plus: Fringe Benefits @ 15%
Plus: overhead @ 150%
Plus: Profit @ 10%
Total Charge for the work
Cost
$1,000,000
$1,150,000
$2,875,000
$3,162,500
$3,162,500
Warning: I asked a slightly more complex problem on the
Final Exam and 30% of the class missed it. Since I asked
about the same problem on all three exams, not being
able to answer it cost some students a letter grade.
Basic Assumptions
TAMU Owns the property.
There are no significant environmental
issues.
Construction will occur over the summer;
so, traffic will not be a problem.
TAMU will pay cash for the work.
Project Development Process:
General Steps
Needs Assessment
(Re)Definition & Scope
Identify Stake Holders
Supporters and Blockers
Conceptual Design
Generation of Alternatives
Physical Assessment – Research Required?
Fiscal Assessment – Timing?
Political Assessment – Climate?
… Continued
Development of “Pathfinders” or Pilot
Studies
Based upon research needed.
Based upon gaining political support
Based upon the fiscal situation
Development of Prototype(s) or Final
Design(s)
Additional Parking/Access
Project - Needs
All would generally agree that the
campus is congested.
What is really needed?
More Parking – structures and/or lots?
More busses? Jitneys? Trolley?
Organized “kiss and ride”?
Car and Vanpools?
Internal circulation plan?
Additional Parking/Access
Project – Business Plan
Business Plan
Revenue Stream?
Initial Cost?
Bus Fees
Parking Fees
Other
Construction
Other – Design, ??
Operation and Maintenance (O&M) Cost?
Additional Parking/Access
Project – Engineering
Select Final Plan (list of selected
alternative phases or construction
projects)
Prepare PS&E (plans, specifications, and
estimates)
Etc.
Basic Assumptions
TAMU Enjoys Sovereign Immunity and
can do as it pleases – state law.
TAMU owns the land.
There are no significant environmental
issues.
General Revenue can not be used to
provide for parking – state law.
TAMU can not “go into debt” – state
law.
New CE Building
Project Development Plan
Need – Modern Classroom and Project Space.
Classrooms
Project Space
Traditional
TAL – ACL – ILC Type space
Growth Areas
Traditional Laboratories
High Tech
Offices
Departmental
Faculty and Other Instructors
Student Organizations
CE Building
Business Plan
How many sq-ft of laboratory, office,
and classroom space?
What will enhance our reputation?
Cash Flow Considerations:
What will big donors support?
What will the State support?
Location Considerations
Back-of-the-Envelope Estimate
Determine Sq-ft
Traditional Classrooms
High Tech Classrooms
Traditional & Computer Labs
Offices – Individual and Departmental
Price out each using Means Manual and
other sources of Info
Cont’d.
Sum Direct Costs
Building
Equipment
Determine A/E Fees
Add TAMU Indirects
Add Profit and Contingency
Etc.
CE Building
Basic Assumptions
We Own the Land
There are no significant environmental
issues.
We can use a mix of State and Private
Funds
TAMU can not “go into debt” – state law