2 Colo. Code Regs. § 601-10-5.03

Current through Register Vol. 47, No. 11, June 10, 2024

Section 2 CCR 601-10-5.03 - Cost Estimates

For all projects reasonably expected to cost more than fifty thousand dollars but less than one hundred fifty thousand dollars in the aggregate in any fiscal year, CDOT shall prepare a cost estimate for approval by the Transportation Commission. The cost estimate shall be a summation of the following factors:

(a) Labor: The estimated time of personnel expected to be working on the project multiplied by their respective rates of pay including the current CDOT payroll load factor percentage;

(b) Materials: The estimated cost of materials purchased or produced by acceptable procurement methods;

(c) Supplies: The estimated cost of incidental supplies necessary to sustain the project;

(d) Supervision: The estimated time of supervisory personnel expected to be responsible for the project multiplied by their respective rates of pay including the current CDOT payroll load factor percentage:

(e) Engineering: The estimated time of engineering personnel necessary to properly engineer the project multiplied by their respective rates of pay including the current CDOT payroll load factor percentage;

(f) Equipment Rental: The estimated cost of equipment rental. Rates for use and replacement are to be obtained from either CDOT Staff Maintenance Branch or Accounting Branch. Rates shall be calculated pursuant to generally accepted accounting principles; and

(g) Indirect Cost Allocation: A predetermined percentage of administrative costs not directly attributable to the project. The percentage will be established October 1st of each year by the Accounting Branch, based on the prior year's expenditures. Indirect costs recalculated by applying the current percentage to the subtotal of items (a), (d) and (e) above.

2 CCR 601-10-5.03

41 CR 17, September 10, 2018, effective 9/30/2018