National Academies Press: OpenBook
Page 1
Suggested Citation:"Front Matter." National Academies of Sciences, Engineering, and Medicine. 2020. Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting for State Transportation Agencies. Washington, DC: The National Academies Press. doi: 10.17226/25974.
×
Page 1
Page 2
Suggested Citation:"Front Matter." National Academies of Sciences, Engineering, and Medicine. 2020. Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting for State Transportation Agencies. Washington, DC: The National Academies Press. doi: 10.17226/25974.
×
Page 2
Page 3
Suggested Citation:"Front Matter." National Academies of Sciences, Engineering, and Medicine. 2020. Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting for State Transportation Agencies. Washington, DC: The National Academies Press. doi: 10.17226/25974.
×
Page 3

Below is the uncorrected machine-read text of this chapter, intended to provide our own search engines and external engines with highly rich, chapter-representative searchable text of each book. Because it is UNCORRECTED material, please consider the following text as a useful but insufficient proxy for the authoritative book pages.

NCHRP Web-Only Document 283: Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting for State Transportation Agencies Jorge Rueda-Benavides Auburn University Highway Research Center Auburn, AL Cliff Schexnayder Arizona State University Tempe, AZ Ghada Gad California State University Pomona, CA Daniel D’Angelo Applied Research Associates, Inc. Champaign, IL Cesar Mayorga Auburn University Auburn, AL Contractor’s Final Report for NCHRP Project 10-101 Submitted April 2020 NATIONAL COOPERATIVE HIGHWAY RESEARCH PROGRAM Systematic, well-designed, and implementable research is the most effective way to solve many problems facing state departments of transportation (DOTs) administrators and engineers. Often, highway problems are of local or regional interest and can best be studied by state DOTs individually or in cooperation with their state universities and others. However, the accelerating growth of highway transportation results in increasingly complex problems of wide interest to highway authorities. These problems are best studied through a coordinated program of cooperative research. Recognizing this need, the leadership of the American Association of State Highway and Transportation Officials (AASHTO) in 1962 initiated an objective national highway research program using modern scientific techniques—the National Cooperative Highway Research Program (NCHRP). NCHRP is supported on a continuing basis by funds from participating member states of AASHTO and receives the full cooperation and support of the Federal Highway Administration (FHWA), United States Department of Transportation, under Agreement No. 693JJ31950003. COPYRIGHT INFORMATION Authors herein are responsible for the authenticity of their materials and for obtaining written permissions from publishers or persons who own the copyright to any previously published or copyrighted material used herein. Cooperative Research Programs (CRP) grants permission to reproduce material in this publication for classroom and not-for-profit purposes. Permission is given with the understanding that none of the material will be used to imply TRB, AASHTO, FAA, FHWA, FTA, GHSA, NHTSA, or TDC endorsement of a particular product, method, or practice. It is expected that those reproducing the material in this document for educational and not-for-profit uses will give appropriate acknowledgment of the source of any reprinted or reproduced material. For other uses of the material, request permission from CRP. DISCLAIMER The opinions and conclusions expressed or implied in this report are those of the researchers who performed the research. They are not necessarily those of the Transportation Research Board; the National Academies of Sciences, Engineering, and Medicine; the FHWA; or the program sponsors. The information contained in this document was taken directly from the submission of the author(s). This material has not been edited by TRB.

The National Academy of Sciences was established in 1863 by an Act of Congress, signed by President Lincoln, as a private, non- governmental institution to advise the nation on issues related to science and technology. Members are elected by their peers for outstanding contributions to research. Dr. Marcia McNutt is president. The National Academy of Engineering was established in 1964 under the charter of the National Academy of Sciences to bring the practices of engineering to advising the nation. Members are elected by their peers for extraordinary contributions to engineering. Dr. John L. Anderson is president. The National Academy of Medicine (formerly the Institute of Medicine) was established in 1970 under the charter of the National Academy of Sciences to advise the nation on medical and health issues. Members are elected by their peers for distinguished contributions to medicine and health. Dr. Victor J. Dzau is president. The three Academies work together as the National Academies of Sciences, Engineering, and Medicine to provide independent, objective analysis and advice to the nation and conduct other activities to solve complex problems and inform public policy decisions. The National Academies also encourage education and research, recognize outstanding contributions to knowledge, and increase public understanding in matters of science, engineering, and medicine. Learn more about the National Academies of Sciences, Engineering, and Medicine at www.nationalacademies.org. The Transportation Research Board is one of seven major programs of the National Academies of Sciences, Engineering, and Medicine. The mission of the Transportation Research Board is to provide leadership in transportation improvements and innovation through trusted, timely, impartial, and evidence-based information exchange, research, and advice regarding all modes of transportation. The Board’s varied activities annually engage about 8,000 engineers, scientists, and other transportation researchers and practitioners from the public and private sectors and academia, all of whom contribute their expertise in the public interest. The program is supported by state transportation departments, federal agencies including the component administrations of the U.S. Department of Transportation, and other organizations and individuals interested in the development of transportation. Learn more about the Transportation Research Board at www.TRB.org.

C O O P E R A T I V E  R E S E A R C H  P R O G R A M S  CRP STAFF FOR NCHRP WEB-ONLY DOCUMENT 283 Christopher J. Hedges, Director, Cooperative Research Programs Lori L. Sundstrom, Deputy Director, Cooperative Research Programs Ann M. Hartell, Senior Program Officer Jarrel McAfee, Senior Program Assistant Eileen P. Delaney, Director of Publications Natalie Barnes, Associate Director of Publications Janet M. McNaughton, Senior Editor Kathleen Mion, Senior Editorial Assistant NCHRP PROJECT 10-101 PANEL Field of Materials and Construction—Specifications, Procedures, and Practices Ben T. Orsbon, South Dakota Department of Transportation, Pierre, SD (Chair) Bismark Agbelie, Catholic University of America, Washington, DC Ashley Anderson, Florida Department of Transportation, Bartow, FL Teresa L. “Teri” Kennedy, Arizona Department of Transportation, Phoenix, AZ Scott J. Lawry, Wisconsin Department of Transportation, Madison, WI Robert J. Munchinski, H. W. Lochner, Inc., Bothell, WA Danilo L. Nunez, Jr., City of Alexandria, Occoquan, VA Richard B. Duval, FHWA Liaison Alex Clegg, AASHTO Liaison Nelson H. Gibson, TRB Liaison AUTHOR ACKNOWLEDGMENTS The research reported herein was performed under NCHRP Project 10-101, “Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting: Guidance for State Departments of Transportation.” Principal Investigator Dr. Jorge Rueda-Benavides Assistant Professor, Department of Civil Engineering, Auburn University (AU) led the research. All research efforts were performed with the support of the AU Highway Research Center. The co-principal investigators in this project were Dr. Cliff Schexnayder, Arizona State University, Tempe, AZ (retired); Dr. Ghada Gad, Assistant Professor, California State Polytechnic University, Pomona, CA; and Daniel D’Angelo, Principal Civil Engineer, Applied Research Associates, Inc., Champaign, IL. Cesar Mayorga, doctoral candidate in the Department of Civil Engineering at AU, served as a graduate research assistant on this project. The research team also acknowledges the valuable support and contributions made by the AASHTO Technical Committee on Cost Estimating, which served as an expert advisory panel for this study. The Minnesota Department of Transportation, Colorado Department of Transportation, and Delaware Department of Transportation also made valuable contributions to this study by providing the research team with sufficient historical bid data to develop and assess the long-term performance of various cost forecasting approaches.

Next: Contents »
Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting for State Transportation Agencies Get This Book
×
MyNAP members save 10% online.
Login or Register to save!
Download Free PDF

Predicting the future of the construction market is always a challenging task - regardless of whether it is over the next one or 20 years - since it involves several uncertainties.

The TRB National Cooperative Highway Research Program's NCHRP Web-Only Document 283: Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting for State Transportation Agencies documents the research that led to the development of a Cost Forecasting Approach Selection Framework that can assist state transportation agencies to select and implement effective mid-term (3 to 5 years), intermediate-range (up to 15 years), and long-range (more than 15 years) cost forecasting procedures.

Supplemental information to the technical report includes NCHRP Research Report 953: Improving Mid-Term, Intermediate,and Long-Range Cost Forecasting: Guidebook for State Transportation Agencies, a presentation, and videos.

  1. ×

    Welcome to OpenBook!

    You're looking at OpenBook, NAP.edu's online reading room since 1999. Based on feedback from you, our users, we've made some improvements that make it easier than ever to read thousands of publications on our website.

    Do you want to take a quick tour of the OpenBook's features?

    No Thanks Take a Tour »
  2. ×

    Show this book's table of contents, where you can jump to any chapter by name.

    « Back Next »
  3. ×

    ...or use these buttons to go back to the previous chapter or skip to the next one.

    « Back Next »
  4. ×

    Jump up to the previous page or down to the next one. Also, you can type in a page number and press Enter to go directly to that page in the book.

    « Back Next »
  5. ×

    To search the entire text of this book, type in your search term here and press Enter.

    « Back Next »
  6. ×

    Share a link to this book page on your preferred social network or via email.

    « Back Next »
  7. ×

    View our suggested citation for this chapter.

    « Back Next »
  8. ×

    Ready to take your reading offline? Click here to buy this book in print or download it as a free PDF, if available.

    « Back Next »
Stay Connected!