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Suggested Citation:"References." National Academies of Sciences, Engineering, and Medicine. 2020. Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting for State Transportation Agencies. Washington, DC: The National Academies Press. doi: 10.17226/25974.
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Page 75
Suggested Citation:"References." National Academies of Sciences, Engineering, and Medicine. 2020. Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting for State Transportation Agencies. Washington, DC: The National Academies Press. doi: 10.17226/25974.
×
Page 75
Page 76
Suggested Citation:"References." National Academies of Sciences, Engineering, and Medicine. 2020. Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting for State Transportation Agencies. Washington, DC: The National Academies Press. doi: 10.17226/25974.
×
Page 76
Page 77
Suggested Citation:"References." National Academies of Sciences, Engineering, and Medicine. 2020. Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting for State Transportation Agencies. Washington, DC: The National Academies Press. doi: 10.17226/25974.
×
Page 77

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67 References Akanni, P. O., Oke, A. E., & Akpomiemie, O. A. (2015). Impact of environmental factors on building project performance in Delta State, Nigeria. HBRC Journal, 11(1), 91-97. Akintoye, A. (2000). Analysis of factors influencing project cost estimating practice. Construction Management & Economics, 18(1), 77-89. Anderson, S., K. R. Molenaar, and C. Schexnayder. (2007). NCHRP Report 574: Guidance for Cost Estimation and Management for Highway Projects During Planning, Programming, and Preconstruction. Washington, DC: Transportation Research Board of the National Academies. Betts, M. (2007). Standardization in Information Technology Industries: Emerging Issues under Section Two of the Sherman Antitrust Act. Oklahoma Journal of Law and Technology, 3(1), 6. Bureau of Economic Analysis (BEA) (2018). Chained Price Index for State and Local Gross Investment in Highways and Streets. [Accessed November 2018] https://fred.stlouisfed.org/series/W149RG3A086NBEA Bureau of Labor Statistics. (2018). Consumer Price Index: Frequently Asked Questions. Retrieved December 2019, from https://www.bls.gov/cpi/questions-and-answers.htm Bureau of Labor Statistics. (2018). Handbook of Methods. US. California Department of Transportation (CalTrans) (2006) Long-Range Transportation Plan. Cho, Y. K., Youn, J. H., & Martinez, D. (2010). Error modeling for an untethered ultra- wideband system for construction indoor asset tracking. Automation in Construction, 19(1), 43-54. Cuervo, J. C., & Sui Pheng, L. (2003). Significance of location factors for Singapore transnational construction corporations. Engineering, Construction and Architectural Management, 10(5), 342-353. Farrell, Joyce. (2014). Programming logic and design, comprehensive. Cengage Learning. Federal Highway Administration. (2017). Transportation Asset Management Plans. Retrieved September/October 2018, from https://www.fhwa.dot.gov/planning/glossary/ Federal Highway Administration. (2017). Planning Glossary. Retrieved September/October 2018, from https://www.fhwa.dot.gov/asset/plans.cfm Federal Highway Administration. (2017). Financial Planning and Fiscal Constraint for Transportation Plans and Programs Questions & Answers. Retrieved September/October 2018, from https://www.fhwa.dot.gov/planning/guidfinconstr_qa.cfm Federal Highway Administration. (2017). National Highway System. Retrieved September/October 2018, from https://www.fhwa.dot.gov/planning/ national_highway_system/ Federal Highway Administration. (2007). Major Project Program Cost Estimating Guidance.

68 Federal Highway Administration (FHWA) (1988). “Bid Analysis and Unbalanced Bids,” Memorandum HHO-32, US Department of Transportation, May 16, 2988, http://www.fhwa.dot.gov/programadmin/contracts/051688.cfm [October 22, 2008] Florida Department of Transportation (FDOT). (2018). Estimates Handbook. Georgia Department of Transportation (GDOT). (2016). 2040 Statewide Transportation Plan / 2015 Statewide Strategic Transportation Plan. Gransberg D.D., and J. A. Rueda-Benavides. (2014). Indefinite Delivery/Indefinite Quantity Final Report, MnDOT Contract 99/004/Work Order. MnDOT. Idaho Transportation Department (ITD). (2009). 2040 Long-Range Transportation Plan. Iglewicz, B., and D. Hoaglin. (1993) How to detect and handle outliers. ASQC Quality Press, Wisconsin. Indiana Department of Transportation (INDOT). (2013). Indiana’s 2013-2035 Future Transportation Needs Report “Keeping Indiana Moving.” Janacek, J. (2006). Construction Costs Going Through the Roof? Presentation, 2006 Public Works Officer Institute, Los Angeles, California. Japan International Cooperation Agency (JICA) (2010) Evaluation guide for prequalification and bidding under Japanese ODA loans: Procurement of goods and services. Kaming, P. F., Olomolaiye, P. O., Holt, G. D., & Harris, F. C. (1997). Factors influencing construction time and cost overruns on high-rise projects in Indonesia. Construction Management & Economics, 15(1), 83-94. Metropolitan Transportation planning, 23 U.S.C. §134 (2018). Michigan Department of Transportation (MDOT). (2016). Biennial Highway Long Range Plan Growth Rate and Year of Expenditure (Inflation) Factor Update Minnesota Department of Transportation (MnDOT). (2019). 2019 District Fact Sheet. Minnesota Department of Transportation (MnDOT). (2018). 10-Year Capital Highway Investment Plan 2019 - 2028. Minnesota Department of Transportation (MnDOT). (2017). Statewide Multimodal Transportation Plan. Minnesota Department of Transportation (MnDOT). (2008). Cost Estimation and Cost Management: Technical Reference Manual. Office of Project Scope and Cost Management. Mississippi Department of Transportation (MDOT). (2017). MDOT Development of a Pavement Management Manual and Data Quality Plan for the Mississippi Department of Transportation Molenaar, K., Anderson, S., and Schexnayder, C. (2013). AASHTO practical guide to estimating. AASHTO Technical Committee on Cost Estimating (TCCE), Washington, DC.

69 Munday, S. C. (1996). Microeconomics and Macroeconomics. In Current Developments in Economics (pp. 33-44). Palgrave, London. National Cooperative Highway Research Program (NCHRP) Project 20-44 Implementation Support Program (2020). Retrieved March 2020, from http://www.trb.org/NCHRP/NCHRPImplementationSupportProgram.aspx National Highway Performance Program, 23 U.S.C. §119 (2018). New Jersey Department of Transportation (NJDOT). (2018). 2018 – 2027 Statewide Transportation Improvement Program. New York State Department of Transportation (NYSDOT). (2014). New York State DOT Transportation Asset Management Plan. North Carolina Department of Transportation (NCDOT). (2018). NCDOT Current STIP. Odeck, J. (2004). Cost overruns in road construction—what are their sizes and determinants? Transport policy, 11(1), 43-53. Oppenheim, A. N. (2000). Questionnaire Design, Interviewing and Attitude Measurement. Continuum, London. Pakalapati, K. (2018). Data Usage Optimization for Cost Estimating in Asphalt Paving Projects Using a Cost Indexing System (Master’s Thesis), Auburn University, Auburn, AL. Rueda-Benavides, J. A. (2016). Indefinite Delivery/Indefinite Quantity project selection framework using stochastic techniques (PhD Dissertation), Iowa State University, Ames, IA. Rueda-Benavides, J.A., and D.D. Gransberg. (2015). Suitability Analysis of Existing Construction Cost Indexes for Minnesota Department of Transportation Construction Projects, 2015 Transportation Research Board Annual Meeting Compendium of Papers, Paper 15-2293, National Academies, January 2015, Session 237, 16 pp. Rueda-Benavides, J. A. (2013). Develop a Price Escalation Method for Minnesota Department of Transportation Indefinite Delivery/Indefinite Quantity: AxE Bidding (Master’s Thesis), Iowa State University, Ames, IA. Seo, S. (2006) A review and comparison of methods for detecting outliers in univariate data sets. Dissertation. University of Pittsburgh. Shane, J.S., Molenaar, K.R., Anderson, S. and Schexnayder, C. (2009). Construction project cost escalation factors. Journal of Management in Engineering, 25(4), pp.221-229. Statewide and Nonmetropolitan Transportation planning, 23 U.S.C. §135 (2018). Texas Department of Transportation (TxDOT). (2015). Texas Transportation Plan 2040. Touran, A., and R. Lopez. (2006). Modeling cost escalation in large infrastructure projects. Journal of Construction Engineering and Management, 132(8), 853–860.

70 Washington State Department of Transportation (WSDOT) (2018). WSDOT Cost Index Forecast – Spreadsheet. March 2018. Wickham, H. (2014). Tidy data. Journal of Statistical Software, 59(10), 1-23. Wisconsin Department of Transportation (WisDOT) (2018). Status of Major Highway and Southeast Wisconsin Freeway Megaprojects. Report to the Transportation Projects Commission. Zhang, Z., & Sun, Y. (2007). Economic potential of modular reactor nuclear power plants based on the Chinese HTR-PM project. Nuclear Engineering and Design, 237(23), 2265-2274.

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Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting for State Transportation Agencies Get This Book
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Predicting the future of the construction market is always a challenging task - regardless of whether it is over the next one or 20 years - since it involves several uncertainties.

The TRB National Cooperative Highway Research Program's NCHRP Web-Only Document 283: Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting for State Transportation Agencies documents the research that led to the development of a Cost Forecasting Approach Selection Framework that can assist state transportation agencies to select and implement effective mid-term (3 to 5 years), intermediate-range (up to 15 years), and long-range (more than 15 years) cost forecasting procedures.

Supplemental information to the technical report includes NCHRP Research Report 953: Improving Mid-Term, Intermediate,and Long-Range Cost Forecasting: Guidebook for State Transportation Agencies, a presentation, and videos.

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