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RISPredicting the Volatility of Highway Construction Cost Index Using Long Short-Term Memory
Publisher: ASCE
Abstract: The highway construction cost index (HCCI) is a composite indicator that reflects the price trend of the highway construction industry. Most available indexes exhibit significant variation, creating a challenge for state ...
Text Mining of the Securities and Exchange Commission Financial Filings of Publicly Traded Construction Firms Using Deep Learning to Identify and Assess Risk
Publisher: ASCE
Abstract: Risk factor identification is a critical topic in the construction industry. It is vital for the various construction firms and industry stakeholders to understand the different types of risks that affect their businesses ...
State of Private Financing in Development of Highway Projects in the United States
Publisher: American Society of Civil Engineers
Abstract: The U.S. Department of Transportation and state DOTs across the nation seek private investments to leverage their shrinking financial resources and fulfill their growing funding shortfalls. The decision to involve the ...
Shuffled Frog-Leaping Model for Solving Time-Cost-Resource Optimization Problems in Construction Project Planning
Publisher: American Society of Civil Engineers
Abstract: Time-cost-resources usage variation trade-off analysis is one of the most challenging tasks of construction project planners. Project planners face complicated multivariate, time-cost-resource optimization (TCRO) problems, ...
Fuzzy Enabled Hybrid Genetic Algorithm–Particle Swarm Optimization Approach to Solve TCRO Problems in Construction Project Planning
Publisher: American Society of Civil Engineers
Abstract: One of the most challenging tasks of a construction project planner is to simultaneously minimize the total project cost and total project duration while considering issues related to optimal resource allocation and resource ...
Key Challenges to Design Professional Liability in the Design-Build Environment
Publisher: ASCE
Abstract: In the integrated environment of design-build (DB), design risk is transferred from the owner to the DB team. One significant challenge to DB projects is design liability. This study discusses important challenges related ...
Improving the Management Practices for Right-of-Way Acquisition Process
Publisher: ASCE
Abstract: The objective of this project is to identify current management practices developed by various state departments of transportation (DOTs) for right of way (ROW) acquisition and explore possible ways to expedite the process. ...
Key Challenges in Megabridge Design–Build Project Procurement
Publisher: ASCE
Abstract: Megabridge projects are those that cost more than $500 million to complete from the planning stages through completion of construction. In the evolving field of transportation design–build (DB) project delivery, it ...
Forecasting the Construction Expenditure Cash Flow for Transportation Design-Build Projects with a Case-Based Reasoning Model
Publisher: ASCE
Abstract: Accurately forecasting the construction expenditure cash flow of transportation projects is critical for state departments of transportation (state DOTs) to secure sufficient funding to cover their fiscal obligations ...