United States Department of Transportation
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Final Summary Report: FHWA Waiver Valuations Study August 2018 – November 2020
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2020-11-01
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[PDF-1.30 MB]
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Edition:Final Report
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Abstract:The Federal Highway Administration conducted research and analysis on the current state of the waiver valuation program nationwide, to support a Notice of Proposed Rule Making initiative to update the waiver valuation sections of 49 CFR part 24, and to enhance streamlining opportunities available to acquiring agencies subject to Federal regulations. This report summarizes and presents the research, which included a nationwide survey, interviews with selected survey respondents, and a literature search. The report discusses several aspects of waiver valuations, including current thresholds for use of waiver valuations, agencies that do not use waiver valuation due to statute or case law, average costs for administering appraisal and waiver valuation, parameters used by agencies in determining suitability of waiver valuations, criteria used by agencies to determine qualifications of those conducting the valuations, and more. It also includes recommendations for improving the waiver valuation program that resulted from the research. Best practices in key findings areas are also identified.
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