Stream C: Infrastructure Funding

 

3.1 Senior government infrastructure funding

3.2 Ensuring financial sustainability through a stormwater utility – Part art, part science

3.3 Contingency in cost estimates – Catch-all or intelligent planning

 


  

3.1 Senior government infrastructure funding

Presented By: Liam Edwards, Ministry of Community, Sport & Cultural Development.
Time: Monday, 2:00 - 2:30 PM

This presentation will address the current state of senior government infrastructure funding programs, what's currently in play, what's just around the corner, and what does the crystal ball tell us about future funding opportunities. The presentation will also provide a rough overview of the typical funding process wrapping up with identifying key elements of successful applications as well as past pit-falls to avoid.

 

3.2 Ensuring financial sustainability through a stormwater utility – Part art, part science

Presented By: Nancy Hill, AECOM; Ed Robertson, City of Victoria; & Gina Layte Liston, City of Prince George.
Time: Monday, 2:30 - 3:00 PM

The Cities of Prince George and Victoria are working on implementing a storm water utility in their respective communities. Although the philosophy behind both implementations is similar (developing a sustainable funding source for the long term operation, maintenance and renewal of their storm water system based on a "user fee" approach); the actual implementation of the two utilities has differed.

This presentation will provide a brief overview of the proposed storm water utilities in the Cities of Prince George and Victoria, discuss the similarities and the differences in the implementation of the two utilities, and provide insight to other communities who are looking to implement their own stormwater utility. The presentation will touch on the importance of community values and how they shape the look and success of any stormwater utility.

 pdf iconPresentation PDF

 


 

3.3 Contingency in cost estimates – Catch-all or intelligent planning 

Presented By: Timothy Phelan, Opus DaytonKnight.
Time: Monday, 3:00 - 3:30 PM


Contingency refers to "costs that are not known exactly at the time of the estimate but which will occur on a statistical basis based on past experience, but with some uncertainty regarding the amount." However, even though contingency is included in all cost estimates as a necessary line item to account for unknown cost elements, expectations on what level of contingency is necessary is highly variable and can create confusion. Insufficient contingency early in project planning results in insufficient budgets and difficulties with cost overruns. This presentation investigates use contingency in the industry and provides examples and suggestions on consistent use of contingency for project cost estimating.

pdf icon Presentation PDF

 


 



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