Development of Seasonally Adjusted National Highway Construction Cost Index (NHCCI)
Project Information
Project ID:
FHWA-PROJ-20-0050
Project Abstract:
This project analyzes nearly two decades of construction cost data to estimate seasonal variations in lane-mile construction costs and the underlying components of construction costs to prepare seasonally adjusted National Highway Construction Cost Index (NHCCI) on a quarterly basis.
Project Status:
Completed
Project Funding Amount (Contract Award Amount):
$173,491.00
Start Date:
End Date:
Public Access Plan:
Yes
FHWA Program Area:
- Policy
Fiscal Year / AMRP Program / AMRP Activity:
- FY 2002-2022 / Policy / Policy Analysis and Global Outreach
FHWA Activity:
- Data and Analysis
Project Outputs:
- Quarterly seasonally adjusted National Highway Construction Cost Index.
Project Outcomes/Impact:
The seasonal nature of highway construction, and the costs of construction components, makes it critical to be able to differentiate between seasonal cost factors and underlying cost trends. Seasonal adjustments are a standard way for government agencies to report underlying cost trends. The seasonally-adjusted NHCCI will enable FHWA to report construction cost which reflect these underlying trends, as well as continuing to report the unadjusted figures. Among its several uses, NHCCI is an important input to the Highway Economic Requirements System (HERS) model for estimating investment needs for the Conditions and Performance (C&P) report.
AMRP = Annual Modal Research Plan
Contact Information
Team:
Policy Analysis Team
Office:
Office of Transportation Policy Studies
Office Code:
HPTS-40
Management Organizations
Sponsor Organization
Organization Role:
Sponsor Organization
Organization:
Federal Highway Administration: Office of Policy and Governmental Affairs
Contact Role:
Sponsor
Contact:
Managing Organization
Organization Role:
Program Management
Organization:
Federal Highway Administration: Office of Policy and Governmental Affairs - Office of Transportation Policy Studies
Contact Role:
Program Manager
Contact:
Performing Organization
Organization Role:
Project Lead Organization
Organization:
Federal Highway Administration: Office of Policy and Governmental Affairs - Office of Transportation Policy Studies
Contact Role:
Project Lead
Contact: