Research for the AASHTO Standing Committee on the Environment. Task 39. Improving Project Environmental Cost Estimates

Improvement of transportation project cost estimating practices and the tracking of estimates as they evolve is critical to greater financial accountability and more accurate project scheduling. Cost estimating refers to the processes used to predict the cost of a project at various points in the project development process. Estimate tracking is the ability to document changes in estimated project costs, and the reason for these changes, over time. One key issue is developing an effective process for developing and refining project cost estimates given a process that involves the public and other agencies in decision making. A framework for accurate cost estimation must recognize that changes in the scope of project are a natural part of a collaborative decision making process.  The objective of this study is to develop guidelines on improved environmental cost estimating methodologies for transportation projects. </font></p><p class="MsoNormal" style="MARGIN: 0in 0in 0pt"><o:p><font face="Times New Roman"> </font></o:p></p></font>

Language

  • English

Project

  • Status: Completed
  • Funding: $85000.00
  • Contract Numbers:

    Project 25-25, Task

  • Sponsor Organizations:

    Federal Highway Administration

    1200 New Jersey Avenue, SE
    Washington, DC  United States  20590

    American Association of State Highway and Transportation Officials (AASHTO)

    444 North Capitol Street, NW
    Washington, DC  United States  20001

    National Cooperative Highway Research Program

    Transportation Research Board
    500 Fifth Street, NW
    Washington, DC  United States  20001
  • Project Managers:

    Hedges, Christopher

  • Performing Organizations:

    ICF Consulting, Incorporated

    101 Lucas Valley Road
    San Rafael, CA  United States  94903-1791
  • Start Date: 20070925
  • Expected Completion Date: 0
  • Actual Completion Date: 20081124
  • Source Data: RiP Project 16423

Subject/Index Terms

Filing Info

  • Accession Number: 01464619
  • Record Type: Research project
  • Source Agency: National Cooperative Highway Research Program
  • Contract Numbers: Project 25-25, Task
  • Files: TRB, RiP, USDOT
  • Created Date: Jan 3 2013 2:46PM