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Construction cost forecast model : model documentation and technical notes.

File Language:
English


Details

  • Creators:
    Mills, Peter
  • Corporate Creators:
    Dye Management Group, Inc.
  • Corporate Contributors:
    United States. Federal Highway Administration
  • Subject/TRT Terms:
  • Publication/ Report Number:
    CDOT-2013-6
  • Resource Type:
    Tech Report
  • Geographical Coverage:
    Colorado
  • Corporate Publisher:
    Colorado. Dept. of Transportation
  • NTL Classification:
    NTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCE ; NTL-HIGHWAY/ROAD TRANSPORTATION-Construction and Maintenance ; NTL-HIGHWAY/ROAD TRANSPORTATION-Materials
  • Abstract:
    Construction cost indices are generally estimated with Laspeyres, Paasche, or Fisher indices that allow changes ; in the quantities of construction bid items, as well as changes in price to change the cost indices of those items. ; These cost indices, while useful in forecasting the near-term costs of construction contracts for projects that ; have been designed and are about to be let, are not good indicators of price inflation in highway construction. ; This report contains the documentation and supporting technical notes for a statistical model that estimates ; changes in the price components of the Colorado Construction Cost Index. The model contains two ; specifications. In the first, the composite construction index is a function of the producer prices of inputs: oil, ; concrete, steel, labor and equipment. In the second, the composite construction index is a function of the price of ; oil, wages and nationwide demand for construction services.
  • Format:
    PDF
  • Download URL:
    https://rosap.ntl.bts.gov/view/dot/23396/dot_23396_DS1.pdf
  • File Type:
    Filetype[PDF - 1.06 MB]
  • Collection(s):
    US Transportation Collection
  • Main Document Checksum:
    urn:sha-512:a2713b4eae9bd8ef5fa5e1914829ffe2192fb379922610a16b8f8c09d24f2253cfb68c6b575143299474e658af0be53ef304146923b5966a2a56582bef1641ab
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