Highway Construction Cost / Inflation Issues

• Construction Economics and Price Information
  • The Construction Economics website of the Associated General Contractors of America (AGC) provides a number of reports that address historical, present, and future cost trends of highway and other types of construction.
  • The Economics and Research page of the American Road and Transportation Builders Association provides a broad range of reports and analyses on the economic issues affecting transportation programs.
  • Economic Forecasting Review is a publication of the Strategic Consulting Division of Parsons Brinkerhoff. The 'Economic Trends and Forecasts' section of each publication provides a five-year forecast for construction cost escalation as well as information regarding other economic indicators that are germane to the transportation sector.
  • US Department of Labor Indices
    • US Department of Labor, Bureau of Labor Statistics, Produce Price Indices
    • The Consumer Price Index for All Urban Consumers
• Highway Construction Cost Indices
  • FHWA's National Highway Construction Cost Index provides a national price index to track construction bid trends.
  • State DOT Indices for Selected Bid Items
    • California
    • Colorado
    • Florida
    • Iowa (.pdf)
    • New Hampshire (.pdf)
    • Ohio
    • Oregon
    • South Dakota (.pdf)
    • Texas (.pdf)
    • Utah
    • Washington
• State DOT Material Price Indices
  • Arizona DOT Bituminous Material Price Adjustment
  • New York State DOT Material Price Indices for Fuel, Asphalt Cement and Steel
  • Caltrans Price Index for Asphalt Cement
  • Nevada DOT Contract Escalation Clauses for Fuel, Asphalt Cement and Steel
  • North Dakota DOT Fuel Price Indices
  • Oklahoma DOT Monthly Asphalt Binder Price Index (.pdf)
• Construction Price Adjustment Clauses
  • The AASHTO Subcommittee on Construction's Fall 2009 Survey summarized the use of contract price adjustment clauses being used by the states for asphalt cement, fuel, steel and Portland cement.
• National Highway Construction Price Indexing Information / Guidance / Research
  • FHWA's Technical Advisory TA T 5080.3, "Development and Use of Price Adjustment Contract Provisions" (December 1980 )
  • Wisconsin DOT, Transportation Synthesis Report: "Estimating Construction Costs And Using Construction Cost Indexes" (.pdf) (June 2006)
  • NCHRP20-07 (274): "Price Indexing in Transportation Construction Contracts" (.pdf) (January 2011)
  • NCHRP 10-81: "Fuel Usage Factors in Highway and Bridge Construction" (active research project)