Cost-to-Complete System
Description
Developed by the U.S. Navy, the Cost-To-Complete (CTC) system is a cost estimating tool that supports development of credible budgetary and financial estimates for the Navy's environmental restoration program. The CTC system provides parametric cost estimating models that are useful tools for developing budget level estimates. Given the nature of the business, and the uncertainty of the cleanup progression, parametric estimating is an efficient and accredited means for projecting budgetary costs. In the CTC system, there are nearly 300 individual cost models, referred to as cost estimating relationships (CERs). Estimators choose the appropriate models that represent the individual pieces of work that are part of a project. Each model relates parameters that drive the type of work being performed to the estimated cost. The CTC system also provides for the flexibility to input cost information generated outside of the system using other engineering estimating means and tools. These externally generated costs can range from a line item or assembly item detail that enhances the accuracy and completeness of an individual CER, to a detailed independent Government estimate that serves as the total project or site cost-to-complete.
Current Version
Version 5.1
Point of Contact
Robert Sadorra
Naval Facilities Engineering Command
robert.sadorra@navy.mil
202-685-9306