ENGINEERING ECONOMY AND ENERGY CONSIDERATIONS. HELPFUL HINTS IN HIGHWAY COST ESTIMATING

The consideration of several alternatives that provide the desired level of effectiveness, and the allocation of enough time to estimating costs so that the most cost-effective alternatives can be chosen are identified as the two most important of the helpful hints. Other hints include the following: consider several bid prices and determine the best price to use; use cost index terms to update items that have not been used recently; new cost indices may be constructed for use in updating cost estimates for some items; the Automation Division will provide special compilation of average bid prices on selected projects upon request; determine the most costly items on a project and estimate their cost as precisely as possible. Hints are also given regarding the provision of separate pay items, the use of bidding conferences, and the need for simplicity and standardization.

• Record URL:
  • https://library.ctr.utexas.edu/hostedpdfs/tti/214-8.pdf
• Record URL:
  • https://rosap.ntl.bts.gov/view/dot/85331
• Corporate Authors:

  Texas State Department of Highways & Public Transportation

  P.O. Box 5051
  Austin, TX  United States  78763

  Texas Transportation Institute

  Texas A&M University System, 1600 E Lamar Boulevard
  Arlington, TX  United States  76011
• Authors:
  • Ledbetter, W B
  • McFarland, W F
• Publication Date: 1975-12

Media Info

• Media Type: Digital/other
• Features: Appendices; Figures;
• Pagination: 14 p.

Subject/Index Terms

• TRT Terms: Analysis; Bids; Conferences; Cost indexes; Costs; Economic efficiency; Highways; Payment; Prices; Standardization
• Uncontrolled Terms: Cost analysis; Efficiency
• Old TRIS Terms: Substitutes
• Subject Areas: Administration and Management; Economics; Finance; Highways; Society;

Filing Info

• Accession Number: 00131365
• Record Type: Publication
• Contract Numbers: 2-9-74-214
• Files: NTL, TRIS, STATEDOT
• Created Date: May 14 1976 12:00AM