Life-Cycle Cost Analysis: Step 4 - Estimate Cost to Repair Damage

HISTORIC AND HEC-17 APPROACH

For all costs use today's dollars. This is known as the Real Cost.

• Historic costs must be adjusted to today's dollars using a construction cost index. The cost to repair current and future damage must be estimated using today's dollars.
• Include all pertinent costs:
  • Environmental clearance, mitigation, and permits
  • Preliminary engineering
  • Construction engineering
  • Emergency and permanent repairs
    • Provide a detailed cost estimate that includes all major construction items, quantities, and unit prices
  • Traffic control
• Do not include:
  • The cost to repair damage normally funded by the facility owner
    • Heavy maintenance
    • Repairs normally required to address long-term pre-existing conditions
    • Rehabilitation due to normal wear or weathering such as resurfacing or repainting
  • Economic impacts or user costs.

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