Review of TRAC Program Local Investment Factors

The Transportation Review Advisory Council (TRAC) program is the mechanism through which the Ohio Department of Transportation (ODOT) provides funding for Major New Capacity and other critical infrastructure projects within the state. As part of the evaluation process for TRAC funding consideration, the value of local infrastructure (roadways, utilities, and building construction) around project sites is calculated using local infrastructure cost factors. The objective of this research task was to review construction cost data and generate updated values for the TRAC program’s local investment cost factors. Data from local infrastructure projects in Ohio and national average construction costs from R.S. Means data were utilized in the update. New cost factors reflecting construction costs for each of the five TRAC project regions as of January 2020 are presented for use in future project applications. A framework for classifying building construction costs using North American Industrial Classification System (NAICS) codes is also presented. Feedback from TRAC program stakeholders, as well as a review of the practices used by other State DOTs, yielded some suggested policy revisions for future consideration.

• Record URL:
  https://www.dot.state.oh.us/Divisions/Planning/SPR/Research/reportsandplans/Reports/Final%20Reports/FinalReport-136125-Task1.pdf
• Record URL:
  https://ohiomemory.org/digital/collection/p267401ccp2/id/20439/rec/1
• 
• Record URL:
  https://rosap.ntl.bts.gov/view/dot/58753
• Corporate Authors:

  Ohio University, Athens

  Ohio Research Institute for Transportation and the Environment (ORITE)
  Athens, OH  United States 

  Ohio Department of Transportation

  Office of Statewide Planning and Research
  1980 West Broad Street
  Columbus, OH  United States  43223

  Federal Highway Administration

  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Authors:
  • Sperry, Benjamin R
  • Lozier, William C
  • Russ, Andrew
  • Destocki, Devon
  • Green, Roger
• Publication Date: 2021-4

Language

• English

Media Info

• Media Type: Digital/other
• Edition: Final Report
• Features: Appendices; Figures; References; Tables;
• Pagination: 66p

Subject/Index Terms

• TRT Terms: Construction projects; Costs; Financing; Infrastructure; Investments
• Identifier Terms: Ohio Department of Transportation
• Subject Areas: Construction; Finance; Transportation (General);

Filing Info

• Accession Number: 01775778
• Record Type: Publication
• Report/Paper Numbers: FHWA/OH-2021-12
• Contract Numbers: PID 111440; SJN 136125 (Task 1)
• Files: NTL, TRIS, ATRI, USDOT, STATEDOT
• Created Date: Jun 30 2021 5:35PM