Engineering Economy and Energy Considerations: Helpful Hints in Highway Cost Estimating

Ledbetter, W. B.; McFarland, William F.

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Engineering Economy and Energy Considerations: Helpful Hints in Highway Cost Estimating

1975-12-01
By Ledbetter, W. B. ; McFarland, William F.

File Language:

English

Details

Creators:

Ledbetter, W. B. ; McFarland, William F.
Corporate Creators:

Texas Transportation Institute. Texas A&M University
Corporate Contributors:

Texas State Department of Highways and Public Transportation
Subject/TRT Terms:
- Analysis
- Bids
- Cost indexes
- Costs
- Economic efficiency
- Highways
- Payment
- Prices
- Standardization
Publication/ Report Number:

214-8
Resource Type:

Tech Report
Geographical Coverage:

Texas ; United States
Corporate Publisher:

Texas Transportation Institute. Texas A&M University
Abstract:

Procedures for estimating project costs within the Department are sophisticated, detailed, and very thorough. From the residency office, through the District office, and finally to the appropriate Division office, each estimate is carefully analyzed and updated. Bid quantities are estimated for each job and used together with unit bid costs to estimate project costs. Tools of value to the engineer include the l2-month moving average for each bid item, which is calculated each month by district and statewide, the statewide 3-month moving average of each bid item, and the Whitley-Siddons bid tabulations for each project. To uncover what improvements, if any, could be made in current cost estimating procedures, representatives from four Districts and two Divisions met with researchers at the Texas Transportation Institute to discuss cost estimation. From this discussion some "helpful hints" that may be of use in cost estimating were discussed and are summarized briefly. These are "hints" only and are not intended to be considered as concrete guidelines for cost estimation.
Format:

PDF
Funding:

2-9~74-214
Download URL:

https://rosap.ntl.bts.gov/view/dot/85331/dot_85331_DS1.pdf
File Type:

[PDF - 530.95 KB]
Collection(s):

US Transportation Collection
Main Document Checksum:

urn:sha-512:642c97e5c54565486085c796ddaa59ce784db1f8dbe3fe6bab74eb78d4ba718ddb5eac8ccec5ea2bd1fc18c009fe05a162ee0689db431f7b8ad76200597d4bd7

File Language:

English

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