Agmt19 CDM Smith, Inc. - Laserfiche WebLink

Browse Search

o Describe job creation as a function of project costs. For example, every $80,000 invested in the project is equivalent to one -job year The following is required of the analysis: • Provide sources as it relates to the assumptions, methodology or approach chosen, calculations, and rationale for divergence from recommended approaches • Where applicable, utilize tables to describe costs, benefits and monetary values in o Nominal dollars, o Real dollars, and o Discounted real dollars. Following guidance from Office of Management and Budget Circulars A-4 and A-94 (http://www.whitehouse.gov/omb/circulars), real discount rate should be 7%. Consultant teams should also provide an alternative analysis with a real discount rate of 3% following past Department of Transportation (DOT) guidance pertaining to the former Transportation Investment Generating Economy Recovery grant program • Tie costs and benefits to the expected useful life Deliverable — Draft Economic Impact Analysis Task 2.5 — Prepare an Executive Summary and Final Report The Executive Summary (Summary) will be written for a non-technical audience. The Summary will describe identify societal benefits and costs of the project and outline economic impacts. It shall describe the differences between the two analyses. The Summary will also outline the implications to the City raised by the analyses. Forecasts included in the final report will include levels of confidence and likelihood or will identify and describe limitations preventing the calculation of such statistics. The Final Report shall clearly differentiate the CBA and EIA as separate sections. Where appropriate, the Executive Summary and Final Report should include maps, descriptive statistics, analysis, and graphs to make the contents accessible to a wide range of the community. Deliverables — Executive Summary and Final Report Page 14 of 17 REV: 01-15-19 VR ATTY/AGR.2019.016/CDM Smith