Review of Benchmark Infrastructure Costings Presenter: Viraj Abeykoon 24 July 2018
Disclaimer This presentation contains certain statements and projections provided by or on behalf of Cardno Limited with respect to the anticipated future undertakings. Any forward ‐ looking statements reflect various assumptions by or on behalf of Cardno. Accordingly, these statements are subject to significant business, economic and competitive uncertainties and contingencies associated with the business of Cardno which may be beyond the control of Cardno which could cause actual results or trends to differ materially, including but not limited to competition, industry downturns, inability to enforce contractual and other arrangements, legislative and regulatory changes, sovereign and political risks, ability to meet funding requirements, dependence on key personnel and other market and economic factors. Accordingly, there can be no assurance that any such statements and projections will be realised. Cardno makes no representations as to the accuracy or completeness of any such statement of projections or that any projections will be achieved and there can be no assurance that any projections are attainable or will be realised. Additionally, Cardno makes no representation or warranty, express or implied, in relation to, and no responsibility or liability (whether for negligence, under statute or otherwise) is or will be accepted by Cardno or by any of their respective officers, directors, shareholders, partners, employees, or advisers (Relevant Parties) as to or in relation to the accuracy or completeness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or any omission from this presentation or of any other written or oral information or opinions provided now or in the future to any interested party or its advisers. In furnishing this presentation, Cardno undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise. Except to the extent prohibited by law, the Relevant Parties disclaim all liability that may otherwise arise due to any of this information being inaccurate or incomplete. By obtaining this document, the recipient releases the Relevant Parties from liability to the recipient for any loss or damage which any of them may suffer or incur arising directly or indirectly out of or in connection with any use of or reliance on any of this information, whether such liability arises in contract, tort (including negligence) or otherwise. This document does not constitute, and should not be construed as, either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available information and should not be used in isolation as a basis to invest in Cardno. Review of Infrastructure Benchmark Costings 1 Title of Presentation goes here
Topics 01 Introduction 02 Overview of Methodology 03 Background Data Processing 04 Monte-Carlo Analysis 05 Standardising Rates 06 Example Results Review of Infrastructure Benchmark Costings 2 Title of Presentation goes here
01 Introduction 3 Review of Infrastructure Benchmark Costings Title of Presentation goes here
01 Introduction The project aims to achieve: > Streamlined delivery of PSPs and ICPs > Provide accurate Benchmark Cost Estimates with a high degree of confidence 6 Infrastructure categories were investigated: > Roads and Intersections > Bridges > Culverts > Sporting Pavilions > Sports and Recreational Fields > Community Centers Review of Infrastructure Benchmark Costings 4 Title of Presentation goes here
02 Overview of Methodology 5 Review of Infrastructure Benchmark Costings Title of Presentation goes here
02 Overview of Methodology Extract Statistical Run Monte-Carlo Collate VPA Data Properties Process Obtain Total Prepare Obtain two types Project Costs for representative of Rates Infrastructure drawings and Items extract quantities Review of Infrastructure Benchmark Costings 6 Title of Presentation goes here
03 Background Data Processing 7 Review of Infrastructure Benchmark Costings Title of Presentation goes here
03 Background Data Processing Create a database of previously adopted rates Split to various infrastructure items Checked for Regional/ Topographical variations Estimates with insufficient granularity were discarded 8 Title of Presentation goes here
03 Background Data Processing > Extracting Statistical Properties Average Rate for each element Standard Deviation for each element > Regional Variances and Topographical Variances were not observed in the data. > Extracted costs modeled to follow a 50 52.5 55 57.5 60 normal distribution Example Item Estimate 1 Estimate 2 Estimate 3 Mean Standard Deviation Kerb (per 55 52 60 55.67 4.041 meter) Drainage Pipe 260 250 300 270 26.458 (per meter) Review of Infrastructure Benchmark Costings 9 Title of Presentation goes here
04 Monte-Carlo Analysis 10 Review of Infrastructure Benchmark Costings Title of Presentation goes here
04 Monte-Carlo Analysis > Monte-Carlo analysis is a world-renowned tool used to simulate a range of possibilities > In this instance, a range of infrastructure costs > Results can be used to provide Probabilistic Estimates > Cardno conducted 200,000 simulations > Quantities for above simulations were extracted from representative drawings Review of Infrastructure Benchmark Costings 11 Title of Presentation goes here
04 Monte-Carlo Analysis % Item Rate ($/m) Quantity (m) Total ($) 50 52.5 55 57.5 60 Kerb 56.00 10 560.00 Drainage 265.00 10 2650.00 TOTAL 3210.00 % 230 250 270 290 310 Review of Infrastructure Benchmark Costings 12 Title of Presentation goes here
04 Monte-Carlo Analysis Repeating this process over 200,000 iterations provides a distribution of possible project costs . Cost Frequency Distribution 25000 20000 Frequency 15000 10000 5000 0 2430000 2541000 2652000 2763000 2874000 2985000 3096000 3207000 3318000 3429000 3540000 3651000 3762000 3873000 3984000 4095000 4206000 4317000 4428000 4539000 4650000 Project Cost P50 and P90 Totals were selected. Review of Infrastructure Benchmark Costings 13 Title of Presentation goes here
05 Standardising Rates 14 Review of Infrastructure Benchmark Costings Title of Presentation goes here
05 Standardising Rates > Obtained 2 sets of rates for each item producing P90 and P50 Monte-Carlo % totals > Based on ‘Inversing’ Normal Distribution of rates 50 52.5 55 57.5 60 > Example Monte Carlo result is P90 = $3,420 % Item P90 Rate Quantity (m) Total ($) ($/m) Kerb 57.00 10 570.00 Drainage 285.00 10 2850.00 230 250 270 290 310 TOTAL 3420.00 Review of Infrastructure Benchmark Costings 15 Title of Presentation goes here
06 Example Results 16 Review of Infrastructure Benchmark Costings Title of Presentation goes here
06 Example Results Review of Infrastructure Benchmark Costings 17 Title of Presentation goes here
06 Example Results 18 Title of Presentation goes here
06 Example Results Review of Infrastructure Benchmark Costings 19 Title of Presentation goes here
06 Example Results Review of Infrastructure Benchmark Costings 20 Title of Presentation goes here
Thank you 21 Review of Infrastructure Benchmark Costings Title of Presentation goes here
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