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Abstract:
The aim of this
research is to assemble a listing of accurate, reliable and consistent
estimating practices and establish guidelines for project cost
estimating for State Departments of Transportation. Current highway
construction cost estimation practices will be documented. Critical
issues that frequently create discrepancies between estimated and
actual project costs need to be distinguished and analyzed. A variety
of sources will be utilized throughout the course of this project.
These will include cost estimation manuals, journal articles and past
studies, DOT documents, and surveys of DOT personnel. Information from
DOT's will be used to identify projects that went over budget and will
help describe the conditions that led to the cost overruns. A
synthesis document will be produced for the National Cooperative
Highway Research Program that will document the results of this study.
It will be structured as to allow for implementation into DOT
practices and to allow effortless dissemination into the
industry.
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