Financial analysis: | |
Environmental impact analysis: | --- |
Waste management/P2: | |
Environmental cost listing/database: | --- |
Cost estimation: | --- |
Alternative product/process comparison: | --- |
Cost control | |
Resource control | --- |
Estimating control | --- |
Schedule control | --- |
Scope control | |
Risk control |
RACES was designed to include technologies/activities (called system modules) that can be used in Superfund site remediation. These were to include control technologies, treatment technologies, and general site work and site improvement technologies. Each technology/activity was to have a cost-estimating model. The system was intended as an interactive system for potential uses such as for developing scoping or budget estimates for planning purposes, comparing costs of alternative remediation technologies, calculating site-specific cleanup costs, checking cost estimates prepared by others, and conducting present-worth analyses.
Operation of RACES was designed to include three steps. First, general information about the site is entered, followed by module selection, and finally data entry. The first two steps are repeated as often as necessary. Each module would contain information on technologies (definition), module operation/input definition, output report, and bibliography.
A prototype of the system and one cost-estimating module have been developed, which includes details about ten technologies.
Raw material acquisition | --- |
Manufacturing stage | --- |
Use/reuse/maintenance | --- |
Recycle/waste management |
The maintenance database would consider use of materials. In general, the system estimates costs of equipment and technologies for remedial/clean-up activities.
Conventional | |
Potentially hidden | |
Contingent | --- |
External | --- |
The system only considers equipment costs and hidden costs associated with maintenance.
The system uses a line-item approach for costing and relies on unit cost, cost estimating relationship (CER), and operations and maintenance item databases. RACES would use a database, and users could tailoring input data to the specific technical requirements of the specific site. Default values could be used to get "ballpark" estimates. Use of RACES would be most effective in the later stages of a project, such as the design stage, when detailed data would be available. The unit cost data would be from the RS Means company, but RACES was being modified to be compatible with the MCACES/UPB cost system. RACES' treatment technology costs are derived from CER curves.
Net present value (NPV) | --- |
Payback period | --- |
Internal rate of return (IRR) | --- |
Benefits cost ratio | --- |
Other | --- |
The tool was not fully developed, which would make it difficult to judge these attributes.
The National Risk Management Research Laboratory also oversees the "Superfund Innovative Technology Evaluation (SITE) Program." The SITE program conducts full scale demonstrations of innovative remediation technologies to collect cost and engineering data. They would have been in a good position to provide current and historical information on technology costs in RACES models.
The level of detail required for estimates makes it more suitable for later stages of the design process. The development of RACES has completely stopped, and it is unlikely that the work will be resumed.
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