Thursday, September 12, 2013

Standard Cost Categories for Capital Projects

In 2005 FTA implemented the Standard Cost Categories, to establish a consistent format for the reporting, estimating, and managing of capital costs for New Starts projects. The cost information gathered from projects across the country has been developed into a database (the Capital Cost Database), a cost estimating resource useful to FTA and the transit industry alike. The SCC Workbook is a project management tool -- project-based as opposed to grant-based.

Read the rest of the article here.

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