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Holistic Framework for Highway Construction Cost Index Development Based on Inconsistent Pay Items
Publisher: ASCE
Abstract: A construction cost index (CCI) measures the price changes of construction items over time. It allows owner agencies and contractors to monitor construction market fluctuations so that they can more accurately estimate ...
Robust Forecasting Models for Highway Construction Cost Indices during Pandemic-Era Inflation
Publisher: American Society of Civil Engineers
Abstract: The highway construction cost index (HCCI) is a critical benchmark for managing highway construction project budgets. However, unpredictable economic and market changes, such as inflation due to the pandemic and supply ...