A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Trends in Highway Construction Costs in Louisiana
The objective of this research is to identify and quantify the factors that influence the price of highway construction in Louisiana. The method of investigation involved a literature review and an analysis of construction price records in Louisiana over last 15 years. The factors were found to be inflationary increase in the cost of construction inputs (labor, equipment, and material), characteristics of individual contracts, and the construction environment prevailing at the time of bidding. Contract characteristics found to be significant were contract size, duration, location, and time during the fiscal year in which the contract was let. Contract conditions found to influence contract prices were the total volume of contracts bid, variation in the bid volume, number of plan changes, and introduction of changed contract specifications, standards or practice. The impact of the factors on the cost of construction has been captured in a model which presents construction costs in terms of a construction price index similar to the Federal Highway Administrations Federal-Aid Highway Construction Composite Bid Price Index.
Trends in Highway Construction Costs in Louisiana
The objective of this research is to identify and quantify the factors that influence the price of highway construction in Louisiana. The method of investigation involved a literature review and an analysis of construction price records in Louisiana over last 15 years. The factors were found to be inflationary increase in the cost of construction inputs (labor, equipment, and material), characteristics of individual contracts, and the construction environment prevailing at the time of bidding. Contract characteristics found to be significant were contract size, duration, location, and time during the fiscal year in which the contract was let. Contract conditions found to influence contract prices were the total volume of contracts bid, variation in the bid volume, number of plan changes, and introduction of changed contract specifications, standards or practice. The impact of the factors on the cost of construction has been captured in a model which presents construction costs in terms of a construction price index similar to the Federal Highway Administrations Federal-Aid Highway Construction Composite Bid Price Index.
Trends in Highway Construction Costs in Louisiana
C. G. Wilmot (author)
1999
110 pages
Report
No indication
English
Highway Engineering , Construction Equipment, Materials, & Supplies , Highway construction , Trends , Louisiana , Construction costs , Labor costs , Price index , Cost models , Contracts , Prices , US FHA , Specifications , Standards , Competitive bidding , Construction materials , Construction equipment , Highways , Road construction , Cost analysis , Federal-Aid Highway Construction Composite Bid Price Index
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