Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting for State Transportation Agencies
Predicting the future of the construction market is always a challenging task - regardless of whether
it is over the next one or 20 years - since it involves several uncertainties.
The TRB National Cooperative Highway Research Program's
NCHRP Web-Only Document 283: Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting for State Transportation Agencies documents the research that led to the development of a Cost Forecasting Approach Selection Framework that can assist state transportation agencies to select and implement effective mid-term (3 to 5 years), intermediate-range (up to 15 years), and long-range (more than 15 years) cost forecasting procedures.
Supplemental information to the technical report includes
NCHRP Research Report 953: Improving Mid-Term, Intermediate,and Long-Range Cost Forecasting: Guidebook for State Transportation Agencies, a
presentation,
and videos.
This Summary Last Modified On: 8/22/2022