Review: U.S. Federal Highway Administration Oversight of Engineer’s Estimates
The U.S. Department of Transportation’s Office of the Inspector General has released a report that assesses the U.S. Federal Highway Administration’s progress in implementing key recommendations from its 2015 National Review of State Cost Estimation Practice, which provides information about the Engineer’s Estimate. The Engineer’s Estimate is the cost estimate prepared at the final design stage of construction projects and is essential as a benchmark for analyzing bids in the project-approval process.
This Summary Last Modified On: 3/21/2019