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Author: Max Pomeroy Brokaw
Publisher:
ISBN:
Category :
Languages : en
Pages : 194
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Author: Max Pomeroy Brokaw
Publisher:
ISBN:
Category :
Languages : en
Pages : 194
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Book Description
Author: Varun Kishore
Publisher: Purdue University Press
ISBN: 9781622601066
Category : Transportation
Languages : en
Pages : 80
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Book Description
Costs of highway construction projects have been rising with rising prices of construction materials such as asphalt, concrete and steel. Identifying cost saving strategies is one of the ways of efficient utilization of available funds (federal and local) by the state Department of Transportations (DOTs) and Local Public Agencies (LPAs). A case study comprising of a sample pair of projects (a federal-aid project and a 100% locally funded project) constructed in Elkhart County, Indiana was undertaken to compare construction costs when sources of funding vary. Based on analysis of cost details from these two projects and discussions with the general contractor involved with these projects and other contractors in Indiana, possible reasons of cost differences between the projects were identified. Pavement evaluation tests were conducted to compare the pavement conditions of the road sections built under the two sample projects. This report presents some observations regarding cost differentials between federally funded projects vs. 100% locally funded projects, and provides some suggestions for future investigation and study.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 368
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Author: Stuart D. Anderson
Publisher: Transportation Research Board
ISBN: 0309098750
Category : Highway planning
Languages : en
Pages : 290
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Book Description
'TRB's National Cooperative Highway Research Program (NCHRP) Report 574: Guidance for Cost Estimation and Management for Highway Projects During Planning, Programming, and Preconstruction explores approaches to cost estimation and management designed to overcome the root causes of cost escalation and to support the development of consistent and accurate project estimates through all phases of the development process, from long-range planning, through priority programming, and through project design. NCHRP Web-Only Document 98 details the steps followed by the research team in the development of NCHRP Report 574"--Publisher's description.
Author: Bruce A. Phillips
Publisher:
ISBN:
Category : Express highways
Languages : en
Pages : 38
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Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Road construction contracts
Languages : en
Pages : 44
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Author: Yi Jiang
Publisher: Purdue University Press
ISBN: 9781622600564
Category : Transportation
Languages : en
Pages : 114
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Book Description
This study was conducted to develop methodologies for appropriately determining the monetary values of I/D rates of highway construction projects in Indiana. In this study, a comprehensive literature review was performed to identify possible effective methodologies for work zone effects, construction impacts, and contract time optimization. The highway production rates were developed in a previous study. The production rates were validated and adjusted with the help from INDOT field engineers. The weigh-in-motion (WIM) collected traffic data were obtained, processed, and analyzed to provide input data for user cost calculations at highway work zones. Construction data were obtained and processed to develop the relationship between the construction cost and construction time. With the traffic and construction data, the methods for user cost calculations were developed as the basis of determining appropriate I/D rates. User costs resulting from traffic delays at Indiana highway work zones were analyzed. A series of equations for estimating user costs at work zones were developed. User cost calculation sheets using MS Excel were developed based on the traffic data on Indiana highway network. Finally, a method was developed to determine I/D rates based on the relationship between construction cost and construction time in combination with the estimated user costs at given work zones. Guidelines for developing A+B bidding and I/D provisions were provided.
Author: Tesfu Oqubagabir Tedla
Publisher:
ISBN:
Category : Construction projects
Languages : en
Pages : 226
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Book Description
Abstract: The Construction industry, which can be in the form of residential building, commercial, public and utility buildings, or civil engineering building, has a huge influence on any nation’s economy. Its influence can be either manifested in its contribution to the economy or the service it provides to the community. In order to build any infrastructure project with a balanced cost, time, and quality, project managers search for alternatives that can satisfy these contradicting attributes. The traditional time-cost trade-off was enhanced with the three-dimensional time-cost- quality optimization in the last two decades. The optimization is aimed to minimize the time and cost as much as possible while increasing the quality of the infrastructure to be built. The issue of financing in developing countries has been a bottle neck of success in constructing infrastructure like highway. Many researchers have concluded in their studies the causes of time and cost overrun in high-way construction were, contractors’ financial problems, Inflation, progress payments delay by owner, political issues, variations, lack of managemental skills, cost fluctuation of materials during construction, environmental issues, Shortage in equipment, Inadequate contractor experience etc. The number of studies in the literature that deals with financial optimization and cash-flow analysis to address the problem of financing and inflation are getting more attention. The cash-flow analysis and maximum overdraft to be paid give a good indication to the main participants about the trends toward cost and time overrun. They can also help in making a proper decision right at the beginning. The purpose of this study is to deal with the optimization of time and profit of highway constructions taking in to consideration the amount of available credit and future value of the cost of each activity and cash-flow analysis in a comprehensive model. This type of analysis gives the contractor how its profit will be influenced with his allowable credits and the time associated with it. Besides, the model also generates a line of balance scheduling for the project as highways are among the repetitive projects. The cash-flow analysis gives extra information on the overdraft so that it can be optimized to find good combination of execution of the activities which will minimize the overdraft, interest paid to banks and most importantly maximize the profit to be gained by the project using GA approach. This type of analysis also gives alternatives for contractors how much profit would they like to gain by providing different amount of credits. At first the profit and time are optimized individually to get the maximum profit and minimum time for completing the project. Then the multi-objective optimization using goal programing takes place which tries to minimize the deviation from the optimum individual values by assigning importance weight to the individual objectives to find the near optimal solution. The model is tested for different allowable credits and its sensitivity analysis outcomes are plotted to see the relationship between the allowable credits and the profit. To validate the efficiency of the developed model, it is applied to a project from the literature that addresses scheduling and cost optimization of repetitive projects. It is found that the outcome of the model that maximizes the profit and minimizing the time outlooks the results of the literature with 4.65% and 0.38% improvement in duration and cost of the project respectively.
Author: United States. Bureau of Public Roads
Publisher:
ISBN:
Category : Highway departments
Languages : en
Pages : 1162
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Author:
Publisher:
ISBN:
Category : Roads
Languages : en
Pages : 0
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