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Forecasting Infidelity: Why Current Methods for Predicting Costs Miss the Mark
Publisher: ASCE
Abstract: High-fidelity forecasts of construction cost indexes and material prices are critical for the successful delivery of infrastructure work projects. Unfortunately, existing models tend to underperform because they either ...
New Construction Cost Indices to Improve Highway Management
Publisher: ASCE
Abstract: Construction cost indices support planners, engineers, and policymakers in improving the management of highways. This study details the creation, analysis, and application of four new quarterly highway construction cost ...
Life-Cycle Cost Analysis Framework to Support Data Procurement Strategies for Infrastructure Assets
Publisher: ASCE
Abstract: The collection of infrastructure performance data is critical for agencies to cost-effectively maintain and preserve their existing assets. This paper presents a decision-support tool developed to support a state planning ...
What Explains the Rising Price of Highway Infrastructure?
Publisher: ASCE
Abstract: The rising price to build transport infrastructure poses a challenge to governments. Our paper analyzes a period between 2005 and 2017, during which the price of highway construction increased by 68% on average across our ...
Embedding Flexibility within Pavement Management: Technique to Improve Expected Performance of Roadway Systems
Publisher: American Society of Civil Engineers
Abstract: Pavement-management systems are important tools that planning agencies depend on to cost-effectively maintain their roadway systems. The incorporation of uncertainty (beyond that related to pavement degradation) within ...
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