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Anand, K B and Ramamurthy, K (2003) Laboratory-Based Productivity Study on Alternative Masonry Systems. Journal of Construction Engineering and Management, 129(03), 237–42.

Bashford, H H, Sawhney, A, Walsh, K D and Kot, K (2003) Implications of Even Flow Production Methodology for U.S. Housing Industry. Journal of Construction Engineering and Management, 129(03), 330–7.

Chua, D K H, Shen, L J and Bok, S H (2003) Constraint-Based Planning with Integrated Production Scheduler over Internet. Journal of Construction Engineering and Management, 129(03), 293–301.

Eldin, N and Hikle, V (2003) Pilot Study of Quality Function Deployment in Construction Projects. Journal of Construction Engineering and Management, 129(03), 314–29.

Frutos, J D and Borenstein, D (2003) Object-Oriented Model for Customer-Building Company Interaction in Mass Customization Environment. Journal of Construction Engineering and Management, 129(03), 302–13.

Huang, X and Hinze, J (2003) Analysis of Construction Worker Fall Accidents. Journal of Construction Engineering and Management, 129(03), 262–71.

Pheng, L S and Pong, C Y (2003) Integrating ISO 9001 and OHSAS 18001 for Construction. Journal of Construction Engineering and Management, 129(03), 338–47.

Seydel, J (2003) Evaluating and Comparing Bidding Optimization Effectiveness. Journal of Construction Engineering and Management, 129(03), 285–92.

Thomas, H R, Horman, M J, Minchin, R E and Chen, D (2003) Improving Labor Flow Reliability for Better Productivity as Lean Construction Principle. Journal of Construction Engineering and Management, 129(03), 251–61.

Tischer, T E and Kuprenas, J A (2003) Bridge Falsework Productivity—Measurement and Influences. Journal of Construction Engineering and Management, 129(03), 243–50.

Touran, A (2003) Probabilistic Model for Cost Contingency. Journal of Construction Engineering and Management, 129(03), 280–4.

Wilmot, C G and Cheng, G (2003) Estimating Future Highway Construction Costs. Journal of Construction Engineering and Management, 129(03), 272–9.

  • Type: Journal Article
  • Keywords: Highway construction; Costs; Estimation; construction industry; costing; estimation theory; civil engineering; road traffic;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(2003)129:3(272)
  • Abstract:
    The objective of this research was to develop a model that estimates future highway construction costs in Louisiana. The model describes overall highway construction cost in terms of a highway construction cost index. The index is a composite measure of the cost of construction labor, materials, and equipment; the characteristics of contracts; and the environment in which contracts are let. Future construction costs are described in terms of predicted index values based on forecasts of the price of construction labor, materials, and equipment and the expected contract characteristics and contract environments. The contract characteristics and contract environments that are under the control of highway agency officials, can be manipulated to reflect future cost-cutting policies. Application of the model in forecasting to highway construction costs in Louisiana shows that the model closely replicates past construction costs for the period 1984–1997. When applied to forecasting future highway construction costs, the model predicts that highway construction costs in Louisiana will double between 1998 and 2015. Applying cost-cutting policies and assuming input costs are 20% less than anticipated, the model estimates highway construction costs will increase by 75% between 1998 and 2015.