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.
University of Georgia, ExperimentGeorgia Experiment Station
Experiment, GA United States
Geophysical Prospecting30 Carel van Bylandtlaan
The Hague, Netherlands
Washington, DC United States 20590
- JONES, P S
- Publication Date: 1976-8
- Pagination: 120 p.
- TRT Terms: Cost estimating; Costs; Data collection; Economic models; Estimates; Estimating; Highway planning; Land use; Land values; Mathematical models; Mathematical prediction; Methodology; Modernization; Present value; Prices; Property acquisition; Right of way (Land)
- Uncontrolled Terms: Models; Value
- Subject Areas: Data and Information Technology; Economics; Finance; Highways; Society;
- 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