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DRMS explains reclamation cost estimating (SIRCES), bonding standards and outreach to San Miguel County
Summary
DRMS staff detailed the agency’s standardized reclamation cost tool (SIRCES), indirect cost assumptions for contractor completion, updates to cost data and bonding practices, and described outreach to San Miguel County on permitting and bonding questions.
DRMS staff gave the Mined Land Reclamation Board an in‑depth staff briefing on how the division calculates reclamation financial warranties, the data sources behind those calculations and outreach to San Miguel County as it updates local mining regulations.
Sarah Stephenson (financial warranty specialist) and Amy Eldell (PS‑3, bonding) presented the division’s use of the Colorado Integrated Reclamation Cost Estimating Software (SIRCES), explaining it standardizes task lists, equipment selection, production inputs and indirect costs so DRMS can set bonds sufficient to fund reclamation if a third party must complete the work. Amy said SIRCES pulls equipment ownership/operating costs from EquipmentWatch, production and correction factors from the CAT handbook, demolition and specialized costs from RSMeans, and labor, fringe and operator rates from CDOT data. DRMS updates the cost…
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