FTA Market Conditions Research: Recommendations for Improving Transit Industry Cost Estimation

Shah, Rizwan; Orvedal, Haley S.; Gilstrap, Matthew; Sarna, Maya; Guidehouse

doi:10.21949/1503827

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FTA Market Conditions Research: Recommendations for Improving Transit Industry Cost Estimation

2019-02-01
By Shah, Rizwan ; Orvedal, Haley S. ; Gilstrap, Matthew ; ...

[PDF-1.13 MB]

English

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Creators:

Shah, Rizwan ; Orvedal, Haley S. ; Gilstrap, Matthew ; Sarna, Maya

Shah, Rizwan ; Orvedal, Haley S. ; Gilstrap, Matthew ; Sarna, Maya Less -
Corporate Creators:

Guidehouse
Corporate Contributors:

United States. Federal Transit Administration. Office of Research, Demonstration, and Innovation ; United States. Department of Transportation. Research and Innovative Technology Administration

United States. Federal Transit Administration. Office of Research, Demonstration, and Innovation ; United States. Department of Transportation. Research and Innovative Technology Administration Less -
Subject/TRT Terms:

[+]

Construction Bids Construction Projects Cost Estimating Data, Standards & Evaluation Data Collection Evaluation Public Transit Standards Transit Capital Cost
Publication/ Report Number:

FTA Report No. 0130
DOI:

https://doi.org/10.21949/1503827
Resource Type:

Tech Report
Geographical Coverage:

United States
Edition:

1995-2015
Corporate Publisher:

United States. Federal Transit Administration. Office of Research, Demonstration, and Innovation
Abstract:

The purpose of this report is to evaluate transit cost estimates vs. bid pricing across 1995–2015, which spans two significant periods of economic turmoil and a large range of project conditions. Federal funding for transit capital projects is based on cost estimates provided by project sponsors and is reviewed by FTA, usually before construction bids are received. Accurate estimating is required to reliably establish these Federal grants. Anecdotal evidence exists and shows that overall economic conditions or patterns of project conditions may affect the ability of cost estimators to accurately forecast project costs. The national significance of the research is the improvement of cost estimating by the transit industry.
Format:

PDF
Collection(s):

Federal Transit Administration
Main Document Checksum:

[+]

urn:sha256:f049763d29d6e4ca15aaa7cc8651b51bfad577b239e21dd21ecefcb16482f8eb
Download URL:

https://rosap.ntl.bts.gov/view/dot/39971/dot_39971_DS1.pdf
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FTA Market Conditions Research: Recommendations for Improving Transit Industry Cost Estimation

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