This option allows you to select a monetary value for your budget. The amount allocated for repairs will then be used to run the model. The system will stop selecting segments for rehabilitation once the monetary budget limit is reached. To create a monetary budget, follow the directions below:
Enter a monetary value in the Annual Budget field.
Note: The PCI Based Budget and Required Minimum PCI field will be grayed-out.
Enter a budget inflation rate. This value indicates the percent by which your budget will increase each year.
Enter a contingency percent. This is an add-on project contingency cost in percentage form for each selected project. For example, you could use this cost to cover engineering, legal, administration, and other fees.
Enter your cost inflation rate. This reflects the inflation rate for your supplies, pavement costs, etc.
Note: The costs for supplies and repairs are set up in the Miscellaneous Costs module.
Enter the initial budget date. This will be the date on which the model will begin its run. If this date is in the past, the program will reset it for the current date.
Enter the number of budget years for which the model will run.
Enter a model stop point. This is a monetary value. This value reflects the point at which the model will end its run and stop selecting segments for rehabilitation. This prevents the model from having to go through an analysis of every segment.
Once you have entered all pertinent information, click to save the record. The system will automatically calculate the Annual Budget Details and populate the grid.
to save the record. The system will automatically calculate the Annual Budget Details and populate the grid.