Life Cycle Costing

Details

• Creators:
  Anderson, Phil
• Corporate Creators:
  URS Corporation
• Corporate Contributors:
  Colorado. Department of Transportation ; United States. Department of Transportation. Federal Highway Administration
• Subject/TRT Terms:
  Bridges Budgeting Costs Guidelines Highway Capacity Improvements Intelligent Transportation Systems Investments Life Cycle Costing Maintenance Rehabilitation State Highways Transportation Transportation Investments

  More +
• Publication/ Report Number:
  CDOT-DTD-R-2006-3
• Resource Type:
  Tech Report
• Geographical Coverage:
  United States ; Colorado
• Edition:
  Final Report
• Corporate Publisher:
  Colorado. Department of Transportation
• Abstract:
  The research project was initiated by the Colorado Department of Transportation (CDOT) to develop guidelines for determining the long-term costs of adding additional capacity and other related transportation improvements to the state highway and bridge system. Future costs, including ongoing maintenance, rehabilitation, and replacement costs have not been traditionally considered when a project is advanced. At the planning level this project allows for CDOT to estimate the future cost of adding capacity to the transportation system and to assess the impacts that transportation related projects will have on future year budgets In completing the project a methodology was proposed that would capture the incremental increase in long-term project costs associated with adding additional capacity to the system. Incremental costs were defined as not only geometric increases, but also include such things as roadway and bridge maintenance, ITS deployment and maintenance, and roadway and bridge rehabilitation. Incremental costs were identified as long-term projects costs that CDOT would have to account for in future budgets. As anticipated, research results reflect that long-term project costs associated with capacity improvements to the state transportation system will require additional financial resources in future years.
• Format:
  PDF
• Funding:
  PG HAA 05HQ221
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:10335eda6f8ddf829873d50de001a8d42f08e2bf447e93f8a76b24f437a2ab4ba56853f4f95c1dc553a5c83b967fb26f90988d28f73486b829074abb8ddfaf36
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/93129/dot_93129_DS1.pdf
• File Type:
  [PDF - 576.47 KB ]