Review of TRAC Program Local Investment Factors
-
2021-04-01
-
Details:
-
Creators:
-
Corporate Creators:
-
Corporate Contributors:
-
Subject/TRT Terms:
-
Publication/ Report Number:
-
Resource Type:
-
Geographical Coverage:
-
Edition:Final Report
-
Corporate Publisher:
-
Abstract:The Transportation Review Advisory Council (TRAC) program is the mechanism through which the Ohio Department of Transportation (ODOT) provides funding for Major New Capacity and other critical infrastructure projects within the state. As part of the evaluation process for TRAC funding consideration, the value of local infrastructure (roadways, utilities, and building construction) around project sites is calculated using local infrastructure cost factors. The objective of this research task was to review construction cost data and generate updated values for the TRAC program’s local investment cost factors. Data from local infrastructure projects in Ohio and national average construction costs from R.S. Means data were utilized in the update. New cost factors reflecting construction costs for each of the five TRAC project regions as of January 2020 are presented for use in future project applications. A framework for classifying building construction costs using NAICS codes is also presented. Feedback from TRAC program stakeholders, as well as a review of the practices used by other State DOTs, yielded some suggested policy revisions for future consideration.
-
Format:
-
Funding:
-
Collection(s):
-
Main Document Checksum:
-
Download URL:
-
File Type: