DEVELOPMENT OF A RIGHT-OF-WAY COST ESTIMATING MODEL

This report describes an analytical model that has been developed for estimating the future cost of land that will be required as right-of-way for highway projects, particularly new construction and major upgrading projects. The model is called the Right-of-Way Cost Estimating (ROWCE) Model. The model is intended for use as part of the project programming activity that leads to the Construction Work Program. The model is intended for use when only limited data are available to describe the land to be acquired. The model consists of two parts, a present cost estimator and a future price estimator. The present cost estimator contains a procedure for selecting sample points, identifying the land parcels that contain the sample points, and determining the present value of the sample parcels. The future price estimator uses a Delphi procedure to focus the opinion of a panel of experts with respect to future price changes.

  • Corporate Authors:

    University of Georgia, Experiment

    Georgia Experiment Station
    Experiment, GA  USA 

    Geophysical Prospecting

    30 Carel van Bylandtlaan
    The Hague,   Netherlands 

    Federal Highway Administration

    1200 New Jersey Avenue, SE
    Washington, DC  USA  20590
  • Authors:
    • JONES, P S
  • Publication Date: 1976-8

Media Info

  • Pagination: 120 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00151245
  • Record Type: Publication
  • Source Agency: National Technical Information Service
  • Report/Paper Numbers: FHWA/GA/RD-76-7304 Final Rpt.
  • Files: NTIS, TRIS, USDOT
  • Created Date: Apr 13 1977 12:00AM