CONSTRUCTION SCHEDULES FOR BETTER CASH FLOW|
PRESENTED BY BRIAN SMITH (CO-AUTHORED BY PETE BASSFORD)
The State of Washington bonds millions of dollars per quarter to fund the Department of Transportation's capital projects. Accuracy in forecasting the amount and timing of bonds to be sold is crucial in order to avoid incurring additional interest costs, or worse, underfunding projects that may result in delay or cancellation of projects. On the Alaskan Way Viaduct Replacement Project in Seattle, one of the largest design-bid-build projects undertaken by WSDOT, the mission is to replace an earthquake damaged section of an elevated freeway with a new approach and interchange.
Brian will demonstrate the methodology for how a Contractor's construction schedule for this freeway replacement was cost loaded using a summarization of bid-items (Schedule of Values). This methodology allowed for the development of an accurate cash flow that adjusted dynamically from month to month with the progress of the construction work as well as the effect of schedule changes that were costed through time-impact analyses. Both work progress and changes to the schedule affected Estimates-at-Completion forecasts and subsequent cash flow forecasts.
BRIAN SMITH, CCP
Brian began his career on EPCM mining projects as a field engineer and scheduler and has since worked on private and public sector projects for 25 years spanning fossil cogeneration power, wastewater, light rail, highway and tunnel projects. Brian received his Bachelor of Science in Construction Management from Washington State University in 1985, and a certificate in Geographical Information Systems from the University of Washington along with some MBA work at Golden Gate University in San Francisco. Brian earned his CCP certification in 2001.
*** Please make every effort to sign-up for this meeting before 12:00 noon on Tuesday, October 8th, so that the proper number and choice of meals can be ordered from the hotel kitchen. You cooperation will be greatly appreciated! ***
LOCATION (Wheelchair Accessible):
Best Western Plus Executive Inn
200 Taylor Avenue N
Seattle, WA 98109
5:30pm - Social Hour
6:30pm - Dinner
7:15pm - Program
The member price for this event is $28.00 if you register on or before the Monday immediately preceding the meeting; late registration is $33.00. Non-members will be charged $36.00 on or before the Monday immediately preceding the meeting, and $41.00 thereafter.
You may order a citrus chicken salad, chili and chocolate-rubbed pork loin medallions, or vegetarian (requires one week advance notice) entrees. If you have specific dietary restrictions please contact us at email@example.com so that we can accommodate you. The AACE Seattle Section will be rotating menu selections this program year; we are interested in obtaining your feedback!
The AACE Seattle Section must pay for all meals that are ordered. If you RSVP that you will attend, you are responsible for the bill of your meal. In addition, if you attend without an RSVP there is a possibility that your meal options will be limited from those listed above. If you would like to be added to the Seattle Section's mailing list to receive future notices about our meetings and events, please contact one of the presiding Officers or Directors.
Visit the AACE Seattle Section on our new website at www.aaceseattle.org.
Anybody interested in budget control, claims management, cost engineering, cost estimating, earned value management, planning and scheduling, project control, project management, value engineering, or risk management in any industry is cordially invited.
AACE Seattle Section meets the 2nd Thursday of each month from September through May (excluding December). Each meeting with a technical presentation qualifies for .25 Continuing Education Units (CEUs) towards your CCC/CCE/CEP/CFCC/EVP/PSP recertification requirements.
|Thursday Oct 10, 2013 6:30 PM - Thursday Oct 10, 2013 8:30 PM | $28.00 - $41.00
Best Western Plus Executive Inn (View)
200 Taylor Avenue N
Seattle, WA 98109
|Wheelchair Accessible: Yes!|