Common use of Risk Identification and Mitigation Factors Clause in Contracts

Risk Identification and Mitigation Factors. b. The Engineer shall prepare for and attend a cost estimate review (CER) workshop with the State and the FHWA to develop and review information for inclusion in the FP such as cost estimation procedures and tools, identifying funding sources and revenues, and project implementation schedules. In preparation for the CER, the Engineer shall conduct a risk analysis assessment, provide cost spreadsheets and models for input into the FHWA’s probability modeling software, review and provide comments on the CER summary report, and update cost information in the initial FP to reflect confidence limits established during the CER. c. The Engineer shall provide annual updates (AUs) to the Initial FP reflecting changes in project finances and funding resources. Each update shall include revisions to the five main sections mentioned above as well as discussions of significant cost or revenue changes, comparisons to previous plan estimates, and explanations of mitigating actions taken to adjust for deviations. d. The Engineer shall submit the PMP, FP and FP AUs to the State for review and comment. For scoping purposes, it is assumed that the initial drafts of the FP and FP AUs shall be reviewed concurrently by the District, and the State’s Design and Finance Divisions. The Engineer shall address the State’s comments and prepare a revised draft for review by the FHWA. The Engineer shall address FHWA comments and prepare the final FP (up to three revision cycles from the State and FHWA) for the State to submit to the FHWA for approval. To document each revision cycle, the Engineer shall develop comment response forms that includes the comments, comment numbers, page and line numbers of draft where comments originated, page and line numbers where revisions can be located, and the responses.

Risk Identification and Mitigation Factors. b. The Engineer shall prepare for and attend a cost estimate review (CER) workshop with the State and the FHWA to develop and review information for inclusion in the FP such as cost estimation procedures and tools, identifying funding sources and revenues, and project implementation schedules. In preparation for the CER, the Engineer shall conduct a risk analysis assessment, provide cost spreadsheets and models for input into the FHWA’s probability modeling software, review and provide comments on the CER summary report, and update cost information in the initial FP to reflect confidence limits established during the CER. c. The Engineer shall provide annual updates (AUs) to the Initial FP reflecting changes in project finances and funding resources. Each update shall include revisions to the five main sections mentioned above as well as discussions of significant cost or revenue changes, comparisons to previous plan estimates, and explanations of mitigating actions taken to adjust for deviations. d. The Engineer shall submit the PMP, FP and FP AUs to the State for review and comment. For scoping purposes, it is assumed that the initial drafts of the FP and FP AUs shall be reviewed concurrently by the District, and the State’s Design and Finance Divisions. The Engineer shall address the State’s comments and prepare a revised draft for review by the FHWA. The Engineer shall address FHWA comments and prepare the final FP (up to three revision cycles from the State and FHWA) for the State to submit to the FHWA for approval. To document each revision cycle, the Engineer shall develop DocuSign Envelope ID: 96ECF328-ADFC-48E2-AAEF-44272BE1E265 comment response forms that includes the comments, comment numbers, page and line numbers of draft where comments originated, page and line numbers where revisions can be located, and the responses.

Risk Identification and Mitigation Factors. b. The Engineer shall prepare for and attend a cost estimate review (CER) workshop with the State and the FHWA to develop and review information for inclusion in the FP such as cost estimation procedures and tools, identifying funding sources and revenues, and project implementation schedules. In preparation for the CER, the Engineer shall conduct a risk analysis assessment, provide cost spreadsheets and models for input into the FHWA’s probability modeling software, review and provide comments on the CER summary report, and update cost information in the initial FP to reflect confidence limits established during the CER. c. The Engineer shall provide annual updates (AUs) to the Initial FP reflecting changes in project finances and funding resources. Each update shall include revisions to the five main sections mentioned above as well as discussions of significant cost or revenue changes, comparisons to previous plan estimates, and explanations of mitigating actions taken to adjust for deviations. d. The Engineer shall submit the PMP, FP and FP AUs to the State for review and comment. For scoping purposes, it is assumed that the initial drafts of the FP and FP AUs shall be reviewed concurrently by the District, and the State’s Design and Finance Divisions. The Engineer shall address the State’s comments and prepare a revised draft for review by the FHWA. The Engineer shall address FHWA comments and prepare the final FP (up to three revision cycles from the State and FHWA) for the State to submit to the FHWA for approval. To document each revision cycle, the Engineer shall develop DocuSign Envelope ID: 4154F7E6-47C6-48AD-BA70-902BFE5F00DC comment response forms that includes the comments, comment numbers, page and line numbers of draft where comments originated, page and line numbers where revisions can be located, and the responses.

Risk Identification and Mitigation Factors. b. 2. The Engineer shall prepare for and attend a cost estimate review (CER) workshop with the State and the FHWA to develop and review information for inclusion in the FP FP, such as cost estimation procedures and tools, identifying funding sources and revenues, and project implementation schedules. In preparation for the CER, the Engineer shall conduct a risk analysis assessment, provide cost spreadsheets and models for input into the FHWA’s probability modeling software, review and provide comments on the CER summary report, and update cost information in the initial FP to reflect confidence limits established during the CER. c. 3. The Engineer shall provide annual updates (AUs) to the Initial FP reflecting changes in project finances and funding resources. Each update shall must include revisions to the five main sections mentioned above as well as discussions of significant cost or revenue changes, comparisons to previous plan estimates, and explanations of mitigating actions taken to adjust for deviations. d. 4. The Engineer shall submit the PMP, FP and FP AUs to the State for review and comment. For scoping purposes, it is assumed that the initial drafts of the FP and FP AUs shall will be reviewed concurrently by the District, and the State’s Design and Finance Divisions. The Engineer shall address the State’s comments and prepare a revised draft for review by the FHWA. The Engineer shall address FHWA comments and prepare the final FP (up to three revision cycles from the State and FHWA) for the State to submit to the FHWA for approval. To document each DocuSign Envelope ID: 6DA01770-719C-4EFF-A344-425189FAC6FB revision cycle, the Engineer shall develop comment response forms that includes the comments, comment numbers, page and line numbers of on the draft where comments originated, page and line numbers where revisions can be located, and the responses.

Risk Identification and Mitigation Factors. b. The Engineer shall prepare for and attend a cost estimate review (CER) workshop with the State and the FHWA to develop and review information for inclusion in the FP such as cost estimation procedures and tools, identifying funding sources and revenues, and project implementation schedules. In preparation for the CER, the Engineer shall conduct a risk analysis assessment, provide cost spreadsheets and models for input into the FHWA’s probability modeling software, review and provide comments on the CER summary report, and update cost information in the initial FP to reflect confidence limits established during the CER. c. The Engineer shall provide annual updates (AUs) to the Initial FP reflecting changes in project finances and funding resources. Each update shall include revisions to the five main sections mentioned above as well as discussions of significant cost or revenue changes, comparisons to previous plan estimates, and explanations of mitigating actions taken to adjust for deviations. d. The Engineer shall submit the PMP, FP and FP AUs to the State for review and comment. For scoping purposes, it is assumed that the initial drafts of the FP and FP AUs shall be reviewed concurrently by the District, and the State’s Design and Finance Divisions. The Engineer shall address the State’s comments and prepare a revised draft for review by the FHWA. The Engineer shall address FHWA comments and prepare the final FP (up to three revision cycles from the State and FHWA) for the State to submit to the FHWA for approval. To document each revision cycle, the Engineer shall develop DocuSign Envelope ID: 4542C97A-A0BF-4F41-B2F5-F020508C38AA comment response forms that includes the comments, comment numbers, page and line numbers of draft where comments originated, page and line numbers where revisions can be located, and the responses.

Risk Identification and Mitigation Factors. b. The Engineer shall prepare for and attend a cost estimate review (CER) workshop with the State and the FHWA to develop and review information for inclusion in the FP such as cost estimation procedures and tools, identifying funding sources and revenues, and project implementation schedules. In preparation for the CER, the Engineer shall conduct a risk analysis assessment, provide cost spreadsheets and models for input into the FHWA’s probability modeling software, review and provide comments on the CER summary report, and update cost information in the initial FP to reflect confidence limits established during the CER. c. The Engineer shall provide annual updates (AUs) to the Initial FP reflecting changes in project finances and funding resources. Each update shall include revisions to the five main sections mentioned above as well as discussions of significant cost or revenue changes, comparisons to previous plan estimates, and explanations of mitigating actions taken to adjust for deviations. d. The Engineer shall submit the PMP, FP and FP AUs to the State for review and comment. For scoping purposes, it is assumed that the initial drafts of the FP and FP AUs shall be reviewed concurrently by the District, and the State’s Design and Finance Divisions. The Engineer shall address the State’s comments and prepare a revised draft for review by the FHWA. The Engineer shall address FHWA comments and prepare the final FP (up to three revision cycles from the State and FHWA) for the State to submit to the FHWA for approval. To document each revision cycle, the Engineer shall develop DocuSign Envelope ID: 45A56478-C163-42E7-AE73-4A77A86451FF comment response forms that includes the comments, comment numbers, page and line numbers of draft where comments originated, page and line numbers where revisions can be located, and the responses.