Review of TRAC Program Local Investment Factors

Details

• Creators:
  Sperry, Benjamin R. ; Lozier, William C ; Russ, Andrew ; Destocki, Devon ; Green, Roger
• Corporate Creators:
  Ohio University. Ohio Research Institute for Transportation and the Environment (ORITE)
• Corporate Contributors:
  Ohio. Department of Transportation. Office of Statewide Planning and Research ; United States. Department of Transportation. Federal Highway Administration
• Subject/TRT Terms:
  • Construction projects
  • Costs
  • Financing
  • Infrastructure
  • Investments
  • Public utilities Infrastructure Costs
  • Roadway Construction
  • Utilities
  • Building Construction
  • Project Prioritization
• Publication/ Report Number:
  FHWA/OH-2021-12
• Resource Type:
  Tech Report
• Geographical Coverage:
  Ohio;United States
• Edition:
  Final Report
• Corporate Publisher:
  Ohio. Department of Transportation. Office of Statewide Planning and Research
• 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:
  PDF
• Funding:
  PID 111440;SJN 136125 (Task 1)
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/58753/dot_58753_DS1.pdf
• File Type:
  [PDF - 3.28 MB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:c243947d382ab0eff87eb5b863dfd9847e9449f95583671395a11c77e8c47da2cf18d9a95f48ab37c84113d29402e51834d8beab4e73ebb91c7ff4cb037f50c8