The Hill News

Transportation Committee Chairman Rep. John Mica (R-FL) recently held field hearings to investigate possible aspects to a new federal infrastructure bill. With the current state of the economy and a new Congress looking for areas to cut, the committee would be wise to examine the use of a simple and common sense approach: life-cycle budgeting.
 
Life-cycle budgeting is the transparent and common sense method of forecasting and anticipating all costs associated with a project. These include origination costs, construction and labor costs, as well as maintenance costs as far as fifty years into the future.

Read more...