Title: DEVELOPMENT OF A CONSTRUCTION PRICE INDEX FOR MAJOR PUBLIC TRANSIT INVESTMENT PLANNING
Abstract: A technique for indexing prices over time and between regions of the country is developed that is responsive to the labor, material, and equipment resource mix and to the different types of each of these resources that are used in typical transit construction projects. Currently available indices are reviewed, and their shortcomings are identified. A review of several actual projects and an analysis of recent trend data show the variations in resource mix among different types of transit projects. A framework is developed for a resource-price-oriented data base and indexing methodology. To illustrate the concept, the methodology is then applied to cut-and-cover tunnel construction. A national index and 20 city indices are computed and compared with currently available indices for general construction projects. (Author)
Publication Year: 1981
Publication Date: 1981-01-01
Language: en
Type: article
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