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Leavitt, Dan, Ennis, Sean 
ORCID: https://orcid.org/0000-0001-6796-5788 and McGovern, Pat
(1993)
The Cost Escalation of Rail Projects:Using Previous Experience to Re-Evaluate the CalSpeed Estimates.
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Abstract
The purpose of this paper is to test rigorously and critically the cost estimate methodology presented in that previous working paper. This has been accomplished primarily by focusing on the issue of cost escalation of rail projects, with reference to both U.S. and foreign experience. By examining the cost escalation of previous rail projects and reviewing the arguments of researchers who have asserted that cost estimates of rail projects have been routinely underestimated, we have concluded that the problem of high overruns is mainly confined to cost estimates done in the conceptual stages of the projects. Design estimates are most likely to escalate when engineers lack experience with the specific type of project or technology.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | cost escalation,rail projects |
| Faculty \ School: | Faculty of Social Sciences > Norwich Business School |
| UEA Research Groups: | Faculty of Social Sciences > Research Centres > Centre for Competition Policy Faculty of Social Sciences > Research Groups > Responsible Business Regulation Group |
| Related URLs: | |
| Depositing User: | LivePure Connector |
| Date Deposited: | 12 Sep 2022 09:30 |
| Last Modified: | 24 May 2023 05:39 |
| URI: | https://ueaeprints.uea.ac.uk/id/eprint/88093 |
| DOI: |
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