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Costs estimates among studies vary widely based on estimation approach used and the scale of the studies.
For studies using economic costs, estimates tend to be quite crude and probably underestimate the true cost.
Today's report refers to warnings last year by the national audit office that the government's costs estimates were "not robust enough" and that "major areas of uncertainty" remained.
The project's cost has been controversial from the start, and Friday's GAO report says costs estimates have been plagued by "numerous deficencies" that render them unreliable.
With a lack of experience and data, the parties involved with light rail transit construction projects have come up with diverse costs estimates based on highly inaccurate data.
Returns above total costs estimates for 2019 are $248, $624, and $867 per acre for industrial hemp for fiber only, seed (grain) only, and dual purpose fiber and seed (grain), respectively.
Lucas draws selectively from existing costs estimates, such as those from the U.S. Congressional Budget Office, which use that method, and she augments those numbers with calculations based on various data sources from that period.
Similar(4)
Restoration costs estimated.
bCumulative costs estimated from 2013 to 2030.
Cost estimates are $2 million.
Cost estimates are elusive.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com