08-02: Cost-Benefit Analysis Toolkit

Cost-Benefit1Problem

For the last 15 years, maintenance budgets for transportation agencies have largely gone down or remained flat. As a result, every new purchase has to have a cost-benefit analysis to justify its dollar value. The current situation requires an effective method for determining the cost-benefit of incorporating new products and methods into agency operations.

Objective

The goal was to develop a practical tool that could be used by Clear Roads states and other agencies to calculate the cost-benefit and justify expenditures for specific new practices, equipment and operations used in winter maintenance activities.

Results

The project team developed a user-friendly, web-based tool that provides support for cost-benefit analysis (based on available research) for ten practices, equipment and operations. A training guide was also included.

See the article in the “Highway Contractor” section of the June 2011 issue of Better Roads magazine.

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