Department of Transportation

Cost Management

Cost Management includes the processes needed to complete a project or proposed project within an approved budget. These processes include estimating costs, creating budgets and controlling costs over the life of the project.

Detailed construction cost estimating information is provided in the Cost Estimating Guideline (pdf 2.7m). The purpose of the guideline is to provide guidance to NJDOT employees and others in the methodology for developing, documenting, reviewing and updating construction cost estimates throughout the project development process.

The New Jersey Department of Transportation (NJDOT) will be completing a process improvement project to implement cost management processes, tools and techniques. Please use the Interim Schedule and Budget Management Guideline (pdf 457k) until this is complete.

Last updated date: November 26, 2019 1:39 PM