Economic Justification: Cost of the Betterment

 

Betterments almost always have higher initial costs, but these are offset by lower future repair costs.

 

Develop a detailed cost estimate of the repair in-kind alternative and the Betterment alternative. The cost estimates should include all costs to develop and construct the alternatives.

  • Environmental compliance
  • Preliminary engineering
  • Construction engineering
  • Construction
  • Traffic control
  • Permits

The cost of the Betterment is determined by the following formula:

Total project cost including the Betterment - Total project cost without the Betterment = Betterment Cost

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