Price Trends for Federal-Aid Highway Construction: 1987 Base, First Quarter 2003

Details

• Corporate Creators:
  United States. Department of Transportation. Federal Highway Administration. Office of Infrastructure
• Subject/TRT Terms:
  • Federal aid highways
  • Data files
  • Pricing
  • Road construction
  • Costs
  • Road construction industry
• Publication/ Report Number:
  FHWA-IF-03-019
• Resource Type:
  Tech Report
• Geographical Coverage:
  United States
• Corporate Publisher:
  United States. Department of Transportation. Federal Highway Administration. Office of Infrastructure
• Abstract:
  The National Highway Construction Cost Index (NHCCI) is intended as a price index that can be used both to track pure price-changes associated with highway construction costs and to convert current-dollar expenditures on highway construction to real- or constant-dollar expenditures. The NHCCI is intended to replace the Federal Highway Administration's (FHWA) Bid-Price Index (BPI) in the future, but also to be compared with the BPI for historical purposes. This report presents a description of the research into developing a new price index using Oman Systems, Inc. (OSI) Bid-Tabs data and the methodology used to produce the NHCCI on a quarterly basis. A companion document describes the mathematics of the indexing used in NHCCI. The conclusion is that a Fisher Index based on the OSI Bid-Tabs data gives results that are both representative of construction costs as a whole and are consistent with related price indexes, such as the PPI for Highway and Street Construction and the historical BPI.
• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/58047/dot_58047_DS1.pdf
• File Type:
  [PDF - 63.90 KB]
• Collection(s):
  Federal Highway Administration
• Main Document Checksum:
  urn:sha-512:d6f293c08e850044865819a3a0723a2af6c1c67a5bc8f4cc5407ccc5ce2188aad1e7628a757302985ae5865dc92da7109cd9fecb657fe5cc527e036a17f289a4