Objective and Scope
The objective of this technical committee is to provide a focal point and working group to review, develop, and recommend AASHTO’s positions on cost estimating and risk based estimating for transportation projects. Additionally, the objective includes sharing the information with a wider audience at a national level. Furthermore, this assignment includes formulating new and revised criteria to keep cost estimating standards, policies, and guidelines current.
Goals
Maintain and keep relevant AASHTO Practical Guide to Cost Estimating
- Stay current with and share findings on state of the practice for cost estimating and risk based estimating for transportation projects
- Network with FHWA, national, and regional groups with respect to transportation cost estimating
- Continue research efforts on cost estimating and risk based estimating related topics
- Provide means for collecting comments and questions on the guidance
Develop guidance and tools to help agencies develop cost estimators
Develop guidance on the appropriate use for transportation project cost estimates
- Building the estimate to meet the intended purpose
- Putting the estimate information to use (e.g. validating bids, setting budgets, using funding appropriately)
TCCE resources are available for local agencies to help them develop their estimating practices.
Publication Responsibility
The technical committee is responsible for developing and updating the AASHTO Practical Guide to Cost Estimating.
This publication can be purchased from AASHTO’s Bookstore
Technical Committee on Cost Estimating Membership
Research information dealing with Cost Estimating
NCHRP Report 688: Determining Highway Maintenance Costs
University of South Carolina – Cost Indexing and Unit Price Adjustments for Construction Materials
NCHRP 20-07(274): Price Indexing for Transportation Construction Contracts
Olumide – Sliding Scale Contingencies for the Highway Construction Project Development Process
FHWA – Highway Construction Cost Increases and Competition Issues
FHWA – Major Projects, Cost Estimating
NCHRP 20-07(152): Project Cost Estimating A Synthesis of Highway Practice
NCHRP 8-36(72): Guidelines for Cost Estimation Improvements at State DOTs
NCHRP 8-36(72): DOT Approaches to Implementing Cost Estimate Management Process Improvements
TTI – Synthesis on Construction Unit Cost Development: Technical Report
Other Links/Resources
Montana Department of Transportation Risk Management
Louisiana Department of Transportation and Development Cost Estimating Tools