Value of Transportation Infrastructure and Other Assets
Transportation Economic Concepts:
National Highway Construction Cost Index
This page highlights transportation economic concepts related to highway construction costs.
What is the National Highway Construction Cost Index?
The National Highway Construction Cost Index (NHCCI), published quarterly since the first quarter of
2003, uses a database of successful bids on state highway projects that
includes quotes on the specific items in the projects. The NHCCI measures from
the perspective of the buyer (e.g., the state). It includes the costs of
material and labor as well as profit and overhead. The average price charged is
calculated for each item in each state, and these price changes are then
combined into a national index based on a market basket of items.
The Bureau of Transportation Statistics, part of the U.S. Department of Transportation, is the preeminent source of statistics on commercial aviation, multimodal freight activity, and transportation economics, and provides context to decision makers and the public for understanding statistics on transportation.