News tagged Cost-Benefit-Analysis
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How MaineDOT Replaced an Interstate Bridge In 60 Hours
By Devan Eaton, PE, and Ben Walz, PE As departments of transportation look to replace aging bridges in high-traffic areas, the use of accelerated bridge construction (ABC) is increasingly among the delivery options they consider. In addition to its growing track record of successful weekend completions, ABC has been shown to increase work zone safety […] The post How MaineDOT Replaced an Interstate Bridge In 60 Hours appeared first on Civil + Structural Engineer magazine.
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ACIF Welcomes Australian Infrastructure Plan
The Australian Construction Industry Forum (ACIF) today welcomed the release of Infrastructure Australia’s (IA) Australian Infrastructure Plan. ACIF believes that the Australian Infrastructure Plan, when implemented, will result in more local employment in the construction industry, the development of skills and training, particularly for young people, and a long-term plan that will create more certainty for employers and the industry. The report incorporating 78 recommendations provides a coherent and strategic long-term plan based on cost-benefit analysis that will hopefully lessen political influence in providing the infrastructure that Australia most needs. James Cameron, ACIF’s Executive Director, stated, “We applaud Infrastructure Australia on the release of the Australian Infrastructure Plan.” “Infrastructure Australia is something that other countries wish to emulate, as it is a body which makes recommendations based on long-term social and economic benefit, rather than short-term political gain.” “This initial 15 year plan by Infrastructure Australia is a bold and definite statement by IA of where Australia should be heading in terms of infrastructure priorities, and we strongly encourage Federal and State Governments to take note and implement Infrastructure Australia’s recommendations.” “Universities, technical colleges and employers must have some level of certainty of demand in order to know where to prioritise education and skills development, and this plan provides that.” “ACIF would also like to see more Australian labour, manufacturing and products used on local projects and we encourage Australian governments to do their best to ensure this occurs on these projects recommended by Infrastructure Australia.” “Product conformity and product compliance are also issues for Australian Governments to consider with these projects, and are important for their short, medium and long-term success.” “ACIF agrees that we must encourage strategic and integrated planning, and notes that Infrastructure Australia states that the average Australian household will be $3000 a year better off by 2040 if this priority list of infrastructure is built.” “ACIF welcomes the commitment of IA to improve decision making in infrastructure planning, procurement, delivery and operation. ACIF’s work with the Australasian Procurement and Construction Council on best practice procurement and the implementation of Building Information Modelling will be valuable resources in achieving IA’s aims.” “I look forward to working with Federal and State Governments to encourage debate into fair and equitable ways of funding the infrastructure Australia needs”, commented Mr Cameron.
Resources tagged Cost-Benefit-Analysis
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Cost benefit analysis template - Published by You Exec
Have you ever wondered where to start on this when challenged in a meeting. Well maybe this template will help with a straight forward cost benefit analysis approach.
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Cost Benefit Analysis - Is [it] broken and how to fix it
SSRN Solutions - Thesis by Bent Flyvbjerg and Dirk Bester that highlights that Cost-Benefit Analyses can be inaccurate and bias and that reforms are required to improve this estimating process Reference is made to Public Investments and Projects
Questions tagged Cost-Benefit-Analysis
Businesses tagged Cost-Benefit-Analysis
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