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Rueda Awarded NCHRP Project

Dr. Jorge Rueda has received word that he and his colleagues have been selected to work on TRB's National Cooperative Highway Research Program (NCHRP) Project 10-101 titled “Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting: Guidance for State Departments of Transportation”.   Dr. Rueda will serve as Principle Investigator for this project and he will work with researchers from Arizona State University, Cal Poly Pomona, and Applied Research Associates. The objective of this research is to provide guidance for state DOTs to improve forecasting for mid-term, intermediate, and long-range time horizons to better account for cost variability, economic volatility, and risk. The study will produce a user-friendly framework to assist DOTs in the selection and implementation of strategies, methods, and tools to forecast construction costs over long periods of time.