VDOT’s 2023 Cost Estimation Summit

VDOT’s Cost Estimation Office is pleased to announce VDOT’s first Cost Estimation Summit, April 25 and 26, 2023.

Objective: The objective of this summit is to bring together transportation estimating professionals for two days of valuable training and networking, focused on VDOT-funded project cost estimates. Participants will be able to earn Professional Development Hours (PDHs) through VDOT University.

Description: During this two-day event, participants will be able to learn leading practices and approaches for project cost estimating. This is a unique opportunity to learn and connect with other estimators from Consultants, VDOT and Localities, who are responsible for preparing and reviewing project cost estimates. Hear from the authors of the estimating tools you use in your daily estimating work. During this summit, a diverse and broad range of estimating topics related to VDOT project cost estimating will be presented by a variety of estimating professionals:

• Bringing Consistency to VDOT & Locality Cost Estimates
• SMART Scale Estimates Best Practices
• VDOT’s District and Locality Panel Discussion on Estimating Challenges
• Update on VDOT’s Estimating Tools and Technology
• VDOT’s Cost Estimate Workbook
• Preparing a Quality Cost Estimate Package (CEP)
• Bridge Estimating and VDOT’s Bridge Estimating Tool
• Best Practices for Right of Way Estimating on VDOT Funded Projects
• Helpful Data Analytics for VDOT Project Estimates
• Inflation and Escalation in VDOT Project Cost Estimates
• Cost Based Estimating – Contractor’s Primary Estimating Approach
• Contractor Estimating – Panel Discussion with Construction Contractor Estimators
• Risk Based Estimating – Developing Contingencies based on Project Specific Risks
• Conceptual Estimating –  Best Practices and Available Tools
• Maximizing Statewide Bid Tab Query Tool

Target Audience: This summit is targeted toward the intermediate to advanced estimating practitioner who is directly involved in preparing and reviewing project cost estimates. This summit will be most informative for the consultant staff, locality staff and VDOT staff.

Registration: Registration will be opened in mid-February. Another email will be sent once registration is open. Space will be limited, so early registration is encouraged to secure your spot.

Dates:                    April 25 and 26, 2023
Location:               The Inn at Virginia Tech and Skelton Conference Center
                               901 Prices Fork Road, Blacksburg, VA 24061
Conference Fee:   $250
Point of Contact:   Ray Johnston with VDOT's Cost Estimation Office.

Register Today!