Developing Predictable Cost Curves for Urban Transmission Projects

Predictability is the key to any planning effort. Municipalities are often persuaded to keep rates low, and their cash inflow cannot keep up with the rising costs. However, at a time when construction costs are rising much higher than the rate of inflation, such predictability is often illusive. Adding to the lack of certainty, urban infrastructure projects are constantly faced with unique project characteristics that make predictability in costs far from the norm. With such issues facing the engineering and construction industry, presented below is one critical analysis performed for estimating the cost of the construction of water mains and the fascinating findings.