Cost Estimating Methodologies for Substation & Transmission Projects

April 29-30, 2024 | Online :: Central Time

0424-cost-estimating

“They did a good job interjecting real world examples to illustrate the material. A good high-level introduction to cost estimating.” – Ameren

“Speakers did a great job. It is hard when folks are remote, but the content was helpful, they kept to schedule, and I learned a lot.” – EDF Renewables

“Fantastic speakers who both offered a wealth of knowledge and experience.” – Pine Gate Renewables

“As an estimator in the power industry, this course was exactly what I needed in filling gaps in my utility knowledge.” – Estimator, Kenny Construction Company

In order to effectively utilize allocated and dedicated funding for new utility projects, it is critical for utilities, developers, subcontractors, project managers, and suppliers to fully understand efficient utility project cost estimation, as this new infrastructure has substantial costs and risks associated with each project.

Attendees will leave this program with a better understanding of the following:

• How to improve electricity delivery, increase capacities, improve reliability, and meet new standards
• Critical components to consider in a transmission project estimate
• Factors that impact the final cost of building, including permitting and siting, materials and engineering, construction, and project management
• Elements of substation scope, costs, schedule, and feasibility
• Elements of transmission scope, costs, schedule, and feasibility  

Join this comprehensive day-and-a-half course to hold in-depth conversations with your colleagues about your next infrastructure project. Discounts start at 20% off for groups of 5 or more!

Learning Outcomes:

1. Discuss utility project planning process and budget considerations utilizing industry samples of typical industry projects
2. Discuss the environmental and siting processes and the impact on schedules and costs
3. Analyze engineering, material cost, and construction considerations for transmission lines and substations
4. Compare and contrast contracting methods to include design-bid-build vs. OE/EPC
5. Identify strategies to mitigate risks across the spectrum of project types and sizes

Monday, April 29, 2024 : Central Time 

Introduction to Cost Estimating

• Course logistics/breaks/intro of attendees
• Course overview
• Safety message
• Basic project management overview: scope/costs/schedule/risks
• Current industry concerns:
  • Supply chain issues
  • Physical security of assets
• Substations
• Overhead transmission
• Underground transmission

Substation Cost Estimating

• The cost estimating process
  • Determining scope
  • Feasibility study/project justification: contents and purpose
  • Substation considerations: size/location/costs/power in-out
  • Step-by-step approach to design-procure-build
  • Timeline from concept to operations
  • How to estimate substation costs
  • Lessons learned
• Case study – Substation issues

Transmission Cost Estimating

• The cost estimating process
  • Determining scope
  • Feasibility study/project justification: contents and purpose
  • Transmission considerations: size/location/costs/grid connect
  • Step-by-step approach to design-procure-build
  • Timeline from concept to operations
  • How to estimate transmission costs
  • Lessons learned
• Overview of overhead vs. underground costs/differences/considerations
• Case study – Transmission issues

Contracting Methods

• The role of supply chain and procurement
• Types of contracts
• Terms & Conditions
• Case study

Tuesday, April 30, 2024 : Central Time 

Rights of Way & Environmental Compliance

 

Risk Management

• Basic risk concepts
• Why risk reviews are important
• How to perform a risk review
• Using the risk review to adjust schedules and budgets
• Team risk review exercise

Closing Summary

• Key concepts and techniques to take away
• Flexibility in scope & design – changing conditions
• Q&A

David Tennant, Windward Consulting Group LLC

David Tennant has successfully directed over $3.5 billion in projects, programs, and resources. With degrees in engineering and business, he has a unique perspective on projects at both the practitioner and executive levels. His experience includes engineering, operations, marketing, board leadership, consulting, training, and numerous executive roles.

Mr. Tennant has had projects worldwide and published over 35 articles on technical and managerial topics. His experience includes utilities, manufacturing, services, telecom, R&D, and EPC (engineering) firms. He is a registered professional engineer and certified project manager (PMP).

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Jay Turner, PMP, Six Sigma Green Belt; Manager, Project Controls, Southern California Edison

Jay Turner has over twenty years of cost estimating, project management, root cause analysis, and process improvement experience in the utility, accounting, and consulting industries. His utility estimating and forecasting experience spans substations, transmission lines, generation facilities, and distribution poles for Southern California Edison. Jay has been certified as a Project Management Professional by the Project Management Institute and a Six Sigma Green Belt by the Institute of Industrial Engineers. He earned his M.B.A. and M.S. Systems Engineering from Loyola Marymount University and his B.S. in Engineering and Applied Science from the California Institute of Technology. 

We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.

• Microsoft recommends downloading and installing the Teams app if possible. You may also use the Edge browser or Chrome.
• You will receive a separate email with a unique link to a personalized landing page which will include links to join all sessions of this event.
• If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
• The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.

Please Note: This event is being conducted entirely online. All attendees will connect and attend from their computer, one connection per purchase. For details please see our FAQ

If you are unable to attend at the scheduled date and time, we make recordings available to all attendees for 7 days after the event

REGISTER NOW FOR THIS EVENT:

Cost Estimating Methodologies for Substation & Transmission Projects

April 29-30, 2024 | Online

Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before March 29, 2024 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800

Credits

EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

EUCI is authorized by IACET to offer 1.0 CEUs for this course.

Requirements for Successful Completion of Program

Participants must sign in/out each day and be in attendance for the entirety of the course to be eligible for continuing education credit.

Instructional Methods

PowerPoint presentations, interactive group exercise, and group discussion will be used during this course.

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Upon successful completion of this event, program participants interested in receiving CPE credits will receive a certificate of completion.

Course CPE Credits: 11.5
There is no prerequisite for this Course.
Program field of study: Specialized Knowledge
Program Level: Basic
Delivery Method: Group Internet Based
Advanced Preparation: None

EUCI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

 

Who Should Attend 

• Transmission and substation project managers, estimators, and contract managers who are new to the job
• Transmission and substation engineers 
• Supply chain and cost accounting professionals for utilities and other energy companies
• Generation project developers and engineers who need an understanding of transmission components and costs
• Regulatory agency staff
• Consultants and engineering firms that work within the electricity transmission sector