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Analysis of the Variability of Submitted Unit Price Bids for Asphalt Line Items in Highway Projects
Publisher: American Society of Civil Engineers
Abstract: Highway construction costs are subject to significant variations from project to project and over time. Variations in construction cost disrupt transportation agencies in making right investment decisions and estimating ...
Forecasting Ratio of Low Bid to Owner’s Estimate for Highway Construction
Publisher: ASCE
Abstract: Several state departments of transportation (state DOTs) have encountered significant challenges to accurately estimate costs of their highway projects. It is not uncommon that states’ DOT estimates (owner’s estimates) are ...