Transcription of HIGHWAY PROJECT COST ESTIMATI NG METHODS USED …
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HIGHWAY PROJECT COST ESTIMATI NG METHODS USED …
I R G I N I (ACooperativeOrganizationSponsoredJointl ybytheVirginiaDepartmentofTransportation andtheUniversityofVirginia)October2001 VTRC02-TAR3 DISCLAIMERT hecontentsofthisreportreflecttheviewsoft heauthors, ,theCommonwealthTransportationBoard, ,specification, significantconcernfortheVirginiaDepartme ntofTransportation(VDOT)becauseoftheimpa ctthattheseestimateshaveonthefinalcostof a ,metropolitanplanningorganizations(MPOs) ,localandfederalgovernmentagencies, ,increasesinhighwayproject ,costestimatesoftheSpringfieldInterchang eImprovementProject,thejunctionofInterst ates95,395,and495inFairfaxCounty,increas edbymorethan60% ,theSpringfieldinterchangeis , envisionedasa firststepinanexaminationofpracticesfores timatinghighwayprojectcosts;therefore,it sfocusis ontheinitialcostestimatemadefora PROJECT .
transportation planning process. METHODOLOGY The methods used in this study included a review ofthe literature pertaining to estimating transportation project costs, a review ofcurrent VDOT practice and ofpublications pertaining to VDOT'sproject cost estimates, and a survey ofselected state DOTs to obtain information on their practices.
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