When: February 25, 2025 | 2:00 - 3:30 PM ET
This webinar is led by the ITE Safety Council / Data Driven Safety Analysis Committee.
Webinar Description:
Department of Transportation (DOT) funds several types of discretionary grants that are offered to State and Local governments as well as other jurisdictional entities to improve their highways and other modes of transportation. This webinar presents some general information that are of interest to State and Local government as well as other jurisdictional employees as well as their consultants working on discretionary grants proposals.
Many of the DOT grants require Benefit Cost Analysis (BCA). BCA compares the future of the area with and without the project, which requires setting assumptions and forecasting outcomes for three distinct forms of money value, then comparing the “real” costs and benefits. These three distinct forms of money value are “Nominal dollars,” year of expenditure dollars, or year of estimate dollars; “Real dollar” or constant dollar using a common base year and inflation adjustment rates required for comparing values that occur across time; and “Discounted real dollar” with future money discounted to base year required by OMB. This webinar explains the BCA process in some details.
Learning Objectives:
Moderator: Mohamadreza Banihashemi, Transportation Specialist | FHWA | McLean, Virginia, USA
Presenters:
Fees:
ITE Members: Free
Non-Members: $79.00
Registration for webinar includes the live event, an archived recording with access for 30 days to each registrant. If you are a non-member of ITE you will need to create an account to register. You can create an account here.