Elements of Cost Guidance
Employees in each district and Central Office are responsible to deliver MnDOT projects with accurate and reliable cost estimation.
After management review and approval of the above form, you will need to complete a one-page Project Cost Estimate Summary for each project.
- Preparing your one-page project summary (DOC)
- Template: Project Cost Estimate Summary (DOC)
- Completed template example (PDF, 1.7 MB)
Uncertainty, Risk and Contingency
In each phase of a project's development, its Total Project Cost Estimate should include an analysis of uncertainty and risk – with associated contingency estimates – to increase accuracy.
Cost Estimate Communications
In each project phase, stakeholders are to use the following guidelines to effectively communicate uniform, consistent information statewide. Contingency costs and inflation-adjusted costs should be included in Total Project Cost Estimate communications.
Project and Cost Management
In each project phase, project managers are to use the following guidelines to manage project-related costs against the Baseline Cost Estimate, which is the Total project Cost Estimate at the time the project Scoping Report is approved.
- Cost Estimating and Cost Management Implementation Review Research Report (June 28, 2013) (PDF 2MB)
- DRAFT Guidelines (PDF)
Districts are to actively manage project costs to deliver MnDOT’s construction program within SRC budget constraints and program priorities.