Remedial Action Cost Engineering Requirements (RACER™) System

Description:

A PC-based system originally developed in 1992 by the U.S. Air Force. The system uses a patented methodology for generating location-specific program cost estimates. The system allows the user to select the desired models from a list of available technologies, define the required parameters in the selected technology, and tailor the estimate by verifying and editing secondary parameters. RACER™ calculates quantities for each technology; localizes unit costs for materials, equipment, and labor; adjusts unit prices for safety and productivity losses; and applies markups to account for indirect costs. RACER™ uses current multi-agency pricing data, and is researched and updated annually to ensure accuracy. In addition to users within the Federal government, RACER is used by a variety of state regulatory agencies, engineering consultants, facility owners and operators, financial institutions and law firms.

RACER™ currently addresses environmental investigations and cleanup projects. The parametric estimating methodology upon which RACER™ is based also can be applied to other environmental cost estimating needs. Over the last several years, RACER™ has been modified to include models for addressing ordnance and explosive waste ("OEW"), now MEC. The system also has been modified to address remediation of radiological contamination.