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Engineering Estimates And Fhwa Accuracy Criterion, David Q. Hunsucker
Engineering Estimates And Fhwa Accuracy Criterion, David Q. Hunsucker
Kentucky Transportation Center Research Report
The Federal Highway Administration requires the construction cost estimate of the highway engineer to be a projection of the low bid, and be within +/- 10 percent of the low bid for at least 50 percent of the projects awarded. Construction cost estimates developed by the Estimating Staff of the Kentucky Department of Highways have not always met this criterion in years past.
The Estimating Staff of the Kentucky Department of Highways use an actual cost approach to generate construction cost estimates. It was concluded that the Department's estimating staff possess the ability to do very thorough and accurate work. …