Key Biscayne Master Plan 043944000.18w_Key_Biscayne_MP(forJooMag) | Page 68

VILLAGE OF KEY BISCAYNE UNDERGROUNDING OF UTILITIES — MASTER PLAN
 Budget: The Village has not previously
established an overall project budget and
is considering issuing bonds to raise the
necessary funds to execute the program.
To establish budgetary costs and assess
the risk of exceeding this budget, this
master planning process will develop an
opinion of probable cost for the program.
This will assist the Village in properly
planning to manage this risk.
 Schedule: The Village places a high
priority on schedule since they are in
the sights of FPL’s storm hardening
program. Expediting the execution of the
undergrounding program is a high priority.
Additionally, disruptions to traffic flow can
be extreme causing the roadway level
of service to decrease to unacceptable
levels. The Village does not have a large
seasonal influx of residents that would limit
allowable construction times, so disruptive
work in the road right-of-ways can be
conducted throughout the year, allowing a
more efficient construction schedule. With
that in mind, the intent would be to be
minimize disruption to the community as
much as possible.
Because the undergrounding program
is a multi-year, multi-phase program,
significant schedule delays in any one
phase may create a domino effect and
delay subsequent phases. This would not
only extend the program but could also
increase project costs due to inflation and
increased general conditions and labor
rates. Therefore, schedule will be given
a high priority when considering project
delivery methods.
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 Risk Assessment: There are
inherent risks in any construction
project. However, those risks can
multiply when the size, budget, and
duration of the project increases.
It is important a risk assessment
be performed during the planning
phase of the project so risks can
be appropriately understood and
allocated amongst the parties
involved. In general, risk should be
allocated to the party with the best
ability to exercise control over the risk.
Each project delivery method assigns
risk to the various parties differently.
The Village will need to consider the
level of risk it is willing to accept when
selecting a project delivery method.
 Staff: The Village’s level of expertise
and experience with the various
delivery methods also plays a role in
recommending an appropriate project
delivery method. The Village’s ability
to manage the project construction
in-house can also influence the
selection of a project delivery method.
For example, a CMAR or DB team
can expand to meet the Village’s
staffing needs and may eliminate the
need for the Village to hire additional
staff to support the project. The
CMAR/DB team can take much of the
burden of construction management
off the Village staff.
BEFORE
AFTER
Looking at the NW corner of 101 Key Biscayne
Condo from Crandon Boulevard