TRACER Showcase and Discussion

Earth Tech TRACER Presentationto the TEA/TUG Conference

Mobile, ALOctober 10, 2004

Suite of Technology Tools

• PACES (PArametric Cost Engineering System) – Co-patent with Air Force.

• RACER (Remedial Action Cost Engineering Requirements) – Co-patent with Air Force.

• TRACER (TRAnsportation Cost Engineering Requirements) – AASHTO-funded.

• PACES-DS, and RACER-DS.• “Wrapper” Technology.

Earth Tech TRACER PresentationTEA/TUG Conference October 10, 2004

Background

• What is parametric cost estimating?• How can cost-based parametric cost models

help? • What is the degree of accuracy?• How is the cost data generated?

Earth Tech TRACER PresentationTEA/TUG Conference October 10, 2004

Improving the Estimating ProcessThat was then…

• Historical / Bid-Based Approaches.• Detailed Material Take-offs.

Earth Tech TRACER PresentationTEA/TUG Conference October 10, 2004

Improving the Estimating ProcessThis is now…

• Parametric Model – “Conceptually, a bridge is always a bridge…”

• Inputs – Parametric Model – Detailed Estimate.

• Custom-Tailored Reporting Capability.

Earth Tech TRACER PresentationParsons Corporation, Denver, CO October 5, 2004

Benefits

• Ensures consistent cost estimates.

• Aligns scope, expectations, and budget.

• Generates accurate, quantified and defensible estimates.

• Allows easy alternative analysis (VE).

Earth Tech TRACER PresentationTEA/TUG Conference October 10, 2004

Integration to the Construction Lifecycle

Earth Tech TRACER PresentationTEA/TUG Conference October 10, 2004

Plan

Design

BuildO & M

Replacement

Project Types

Projects: Project Reviews (Charrettes), Programming, GASB 34, FEMA Clean-Up Estimates, Cost Model Building, Masterplanning, and Risk Mitigation Projects.

Earth Tech TRACER PresentationTEA/TUG Conference October 10, 2004

Status of TRACER

• AASHTO-funded.• Anticipated release in Summer ’05.• Future phases of development under

review by AASHTO and other member DOTs.

Earth Tech TRACER PresentationTEA/TUG Conference October 10, 2004

Thank You

Kirk E. Rabius, P.E.

Section Manager

Kyle Knudson

TRACER Product Line Manager

Earth Tech TRACER PresentationTEA/TUG Conference October 10, 2004