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Zhigang Shen, Ph.D., Assistant Professor Dept. of Construction Management

Highway Construction Cost Trends & 3D Technology for Construction Estimates . Zhigang Shen, Ph.D., Assistant Professor Dept. of Construction Management. TEA. Agenda. The impact of this financial crisis on oil demand & supply US oil demand/supply and price

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Zhigang Shen, Ph.D., Assistant Professor Dept. of Construction Management

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  1. Highway Construction Cost Trends & 3D Technology for Construction Estimates Zhigang Shen, Ph.D., Assistant Professor Dept. of Construction Management

  2. TEA

  3. Agenda • The impact of this financial crisis on oil demand & supply • US oil demand/supply and price • US diesel Price and short term forecast • Highway & Street Construction Producer Price Index (PPI) • BIM technology and its potential in highway/bridge project

  4. Source: International Energy Agency

  5. Infrastructure Construction Spending Source: Global Insight Inc.

  6. World Oil Demand and Supply Source: International Energy Agency

  7. Source: International Energy Agency

  8. US Oil Product Demand Source: International Energy Agency

  9. US Monthly Oil Product Consumption & Supply Source: Energy Information Administration

  10. Oil Price 60% increase Goldman Sachs: “Oil prices could hit $85/bbl by the end of the year.”

  11. 8% decrease Source: International Energy Agency

  12. Monthly US Diesel Whole Sale Price 2008-2010 60% increase Source: Energy Information Administration

  13. Source: LBS

  14. Source: LBS

  15. Source: LBS

  16. Source: LBS Source: LBS

  17. Summary • Global economy is recovering from the bottom of this crisis • Global oil demand likely remains below 2007 level in 2010 • US oil supply/consumption likely stabilize at present level in the near future • US diesel price is anticipated to have a modest increase from present time till the end of 2010 • Available data suggests modest cost increase in major materials in highway and street construction compared to the beginning of the year.

  18. Conclusions • Highway and Street Construction costs are likely to experience modest increase from the present level for the remainder of 2009 and in 2010 • Speculators, instead of demand/supply, will remain the major driving force of oil prices in the near future

  19. BIM Technology - Potentials in Infrastructure Cost Estimate • BIM: Building Information Model • Parametric 3D model • Communication tool for complex project for all project participants • Estimating tool • Scheduling tool • Construction tool • Inventory tracking tool • Quality control tool

  20. Thanks for your time ! Questions ©2007 The Board of Regents of the University of Nebraska

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