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Cost Estimation Strategies in Transportation Construction

Stay updated on key issues in cost estimation for transportation projects, explore inflation forecasting, market trends, and risk analysis. Discover workshops, research topics, and manual chapter updates to enhance cost control.

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Cost Estimation Strategies in Transportation Construction

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  1. AASHTO TCCE UPDATE 2008 TEA Conference Saratoga Springs, NY

  2. Region 1 Scott Bickford-Maine Norie Calvert-MD Dave Kent- NY Mike Fowler - VT Region 2 Greg Davis – FL Darrell Richardson – GA Ryan Griffith – KY Jim Frick – SC Members

  3. Region 3 Roger Bierbaum – IA Tim Quinn – Minn Travis Koestner – MO Jeff Hisem - OH Region 4 John Riedl – OR Marie Burke – TX Jay Drye – WA Ken Spear - WY Members

  4. Members • Chair – Lesly Tribelhorn – MT • FHWA – Jim Sinnette – DC • AASHTO – Jim McDonnell - DC

  5. Members Top Issues 2007 • Market consolidation/competition • Consistent long range estimates • Cost/schedule increases from outside forces • Inflation forecasting • Scope management

  6. Members Top Issues 2008 • Inflation Forecasting/Market/Material Cost • Cost risk analysis • Growing funding gap • Market consolidation/competition • Consistent long range estimates

  7. Cost Estimation Workshops • St. Louis 2007 – Construction Materials • Minnesota 2008 – Managing Estimates • Report 574 update • Risk analysis and contingencies

  8. Discussion Topics • Asphalt Binder Issues • Scheduling/Program impacts • Index payouts • Fuel price issues • Index payments • Competition • General increase

  9. Submitted Research Topics • Impacts of Indexes on Highway Const. • Contractor Competition – Tools to enhance

  10. Update on Manual

  11. Chapters • Parametric – Draft • Risk Based – Draft • Historical – Final Draft • Cost Based – Final Draft • Inflation Forecasting – Under Construction • Evaluation Of Bids – Final Draft

  12. Future Chapters • Innovative Tools for Cost Control • Performance Measures for Estimates

  13. Research Reviews/Updates • NCHRP 8-49 • TRB 8-36-72 • TRB 25-25 • NCHRP 8-60 • MnDOT Project • MDT Project • See http://design.transportation.org for links

  14. SCOD Strategic Plan • Developed and Aligned Tech. Committee On Cost Estimation Goals and Action Plan with the SCOD Plan

  15. Work Plan • Reviewed 2008 plan and progress • Set milestone dates for 2009 work

  16. QUESTIONS?

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