Practical guide to cost estimating
Edition: First edition.
Publisher: American Association of State Highway and Transportation Officials
Published: 2013
Place of publication: Washington, DC
Language: eng
ISBN-13: 9781680152265; 9781560515333
Subjects: Roads; Design and construction; Costs; Estimates; Highway engineering; Routes; Conception et construction; Coût; Devis estimatifs; Technique routière; Cost estimating
Description: A State Department of Transportation's (DOT) ability to successfully manage and deliver its program is largely dependent on an ability to develop realistic estimates of project cost. Cost estimating involves not only the collection of relevant factors relating to the scope of a project and the cost of resources, but it also requires anticipating cost impacts that may occur due to changes in project scope, available resources, and national and global market conditions. This publication provides 'practical' guidance that serves those charged with the development of DOT cost estimates and with the management of the estimating process. This guidebook has two parts. Part I focuses on key cost-estimate techniques and Part II focuses on cost management activities.
Notes: "Publication Code: EST-1."

Includes bibliographical references at end of each chapter.
Table of contents: title: Summary; title: ch. 1. Practical guide to cost estimating overview; title: pt. I. Key estimate techniques; title: ch. 2. Conceptual estimating; title: ch. 3. Bid-based estimates; title: ch. 4. Cost-based estimates; title: ch. 5. Risk-based Estimates; title: pt. II. Cost management; title: ch. 6. Inflationary considerations; title: ch. 7. Letting strategies for cost control; title: ch. 8. Analysis of contractor bids; title: ch. 9. Performance measures for cost estimating; title: ch. 10. Definitions.