Researchers analyzed the sources of increased costs in transit projects around the world, providing recommendations for how to bring down costs and improve efficiency.
Planetizen By Diana Ionescu February 13, 2023 A report released by the Transit Costs Project at the Marron Institute of Urban Management at NYU assesses the reasons behind the high costs and reduced productivity of transit projects. Looking at New York City’s Second Avenue Subway project, the research team identified three primary factors that affect project costs: physical structures, labor, and procurement and soft costs. A lack of standardization, redundancy and overstaffing, a “pervasive culture of secrecy” and insufficient competition in the procurement sector all contributed to higher costs for the New York project than in other parts of the world.
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