New Procedures Guide to Control Highway Project Cost Escalation
State highway agencies need structured processes to control project cost escalation, especially in managing right-of-way costs. Communication gaps within agencies can lead to failures in estimating and managing these costs. NCHRP Project 8-49 and other studies emphasize the importance of accurate right-of-way cost estimates for project success. A new report outlines the research process for developing a Procedures Guide focused on right-of-way cost estimating and management. This guide aims to improve consistency and accuracy in estimating and managing right-of-way costs for highway projects.