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Time Related Incentive And Disincentive Provisions In Highway Construction Contracts
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Book Synopsis Time-related Incentive and Disincentive Provisions in Highway Construction Contracts by : Gary J. Fick
Download or read book Time-related Incentive and Disincentive Provisions in Highway Construction Contracts written by Gary J. Fick and published by Transportation Research Board. This book was released on 2010 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report will be of interest to state and local highway agency construction managers and contractors with regard to learning about best practices of time-related incentive and disincentive contract provisions and their effect on staffing levels, productivity, project cost, quality, contract administration, and the contractor's operations and innovations. The report also presents a decision process guide to use as a template for crafting the incentive/disincentive provisions.
Download or read book NCHRP Report 652 written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Time-Related Incentive and Disincentive Provisions in Highway Construction Contracts by :
Download or read book Time-Related Incentive and Disincentive Provisions in Highway Construction Contracts written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Virginia's Experience with Time-based Incentive/disincentive Clauses in Highway Construction Contracts by : J. S. Gillespie
Download or read book Virginia's Experience with Time-based Incentive/disincentive Clauses in Highway Construction Contracts written by J. S. Gillespie and published by . This book was released on 1998 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Estimating User Costs as a Basis for Incentive/disincentive Amounts in Highway Construction Contracts by : James S. Gillespie
Download or read book Estimating User Costs as a Basis for Incentive/disincentive Amounts in Highway Construction Contracts written by James S. Gillespie and published by . This book was released on 1998 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Virginia Department of Transportation (VDOT) occasionally includes an incentive/ disincentive for early completion (I/D) in its construction contracts. This report presents the results of a project to identify procedures that would (1) enhance the effectiveness and enforceability of the I/D provision and (2) reduce the staff time and effort necessary to determine the need for an I/D and to calculate an appropriate per-day dollar amount. The researcher first reviewed the relevant literature pertaining to construction contracts and to road user cost calculation, and then evaluated the available user cost methodologies, especially computer software. Next, the researcher surveyed the current use of I/D provisions in Virginia and other states, and described VDOT's current project development process, with special emphasis on the user cost data that are typically generated during that process. The report makes five conclusions. First, various forms of I/D, though known by a variety of names, are fundamentally similar. Second, use of an incentive rather than a disincentive alone enhances the enforceability of the disincentive clause, though it may increase the final cost of the contract. Third, cost-plus-time bidding enhances the effectiveness of the incentive clause and the enforceability of the disincentive clause. Fourth, the end of the design public hearing is a logical point for VDOT to judge the need for an I/D. Fifth, road user cost savings calculated from the output of the Highway Capacity Software already in common use in VDOT forms a legally sound justification for a per-day dollar I/D amount.
Book Synopsis Effectiveness of Incentive/disincentive Contract Provisions by : David Arditi
Download or read book Effectiveness of Incentive/disincentive Contract Provisions written by David Arditi and published by . This book was released on 1994 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Value Engineering Contract Provisions on Federal-aid Highway Construction Projects by :
Download or read book Value Engineering Contract Provisions on Federal-aid Highway Construction Projects written by and published by . This book was released on 1984 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Development of Criteria for Incentives/disincentives in Highway Construction Contracts by : Mary Schmidt Aber
Download or read book Development of Criteria for Incentives/disincentives in Highway Construction Contracts written by Mary Schmidt Aber and published by . This book was released on 1992 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Systematic Procedures to Determine Incentive/disincentive Dollar Amounts for Highway Transportation Construction Projects by : Jae-Ho Pyeon
Download or read book Systematic Procedures to Determine Incentive/disincentive Dollar Amounts for Highway Transportation Construction Projects written by Jae-Ho Pyeon and published by . This book was released on 2012 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Highway Administration has encouraged state transportation agencies to implement Incentive/Disincentive (I/D) contracting provisions for early project completion. Although general guidelines to determine the I/D dollar amount for a project are available, there is no systematic and practical tool in use to determine optimum I/D dollar amounts for I/D projects considering road user cost, agency cost, contractor acceleration cost, and contractor cost savings. Therefore, systematic procedures and models to assist project planners and engineers in determining an appropriate I/D dollar amount are essential to optimizing the use of I/D contracting techniques. This research performed a literature review related to the determination of daily I/D dollar amounts. Caltrans I/D project data were then collected and evaluated. Project performance data were analyzed with regard to project outcomes in two key areas: project time and project cost. Statistical analyses were performed to identify the impact of I/D dollar amount on project time and cost performance. Using Construction Analysis for Pavement Rehabilitation Strategies (CA4PRS) software, Caltrans I/D projects were analyzed to introduce three different levels of CA4PRS implementations for the I/D dollar amounts calculation. Based on the results of the I/D project case studies, the systematic procedures to determine appropriate I/D dollar amounts were developed using the CA4PRS schedule-traffic-cost integration process for the new I5 rehabilitation project in LA. The proposed procedures were applied to a typical highway pavement rehabilitation project using HMA (hot mix asphalt) materials. Further research is needed to apply the proposed model to other types of highway projects, with adjustment for the type of project.
Book Synopsis A Review of the Department of Transportation's Use of Incentive/disincentive Payment Provisions in Construction Contracts by : Florida. Legislature. Senate. Committee on Transportation
Download or read book A Review of the Department of Transportation's Use of Incentive/disincentive Payment Provisions in Construction Contracts written by Florida. Legislature. Senate. Committee on Transportation and published by . This book was released on 1988 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Criteria and Guidelines for Innovative Contracting by :
Download or read book Criteria and Guidelines for Innovative Contracting written by and published by . This book was released on 1996 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Contract Management for Improving Construction Quality by : Sidney Scott
Download or read book Contract Management for Improving Construction Quality written by Sidney Scott and published by . This book was released on 1997 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Estimating road user costs as a basis for incentive/disincentive amounts in highway construction contracts by :
Download or read book Estimating road user costs as a basis for incentive/disincentive amounts in highway construction contracts written by and published by . This book was released on 1998 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Stuart D. Anderson Publisher :Transportation Research Board National Research ISBN 13 : Total Pages :80 pages Book Rating :4.3/5 (555 download)
Book Synopsis Selection and Evaluation of Alternative Contracting Methods to Accelerate Project Completion by : Stuart D. Anderson
Download or read book Selection and Evaluation of Alternative Contracting Methods to Accelerate Project Completion written by Stuart D. Anderson and published by Transportation Research Board National Research. This book was released on 2008 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Use of Incentive/Disincentive Contracting to Mitigate Work Zone Traffic Impacts by : Andrew R. Mackley
Download or read book Use of Incentive/Disincentive Contracting to Mitigate Work Zone Traffic Impacts written by Andrew R. Mackley and published by . This book was released on 2012 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Incentive/disincentive clauses (I/D) are designed to award payments to contractors if they complete work ahead of schedule and to deduct payments if they exceed the completion time. A previously unanswered question is, "Did the costs of the actual work zone impacts that were avoided justify the incentives paid?" This paper answers that question affirmatively based on an evaluation of 20 I/D projects in Missouri from 2008 to 2011. Road user costs (RUC) were used to quantify work zone impacts and included travel delays, vehicle operating costs, and crash costs. These were computed using work zone traffic conditions for partial-closure projects and detour volumes and routes for full-closure projects. Conditions during construction were compared to after construction. Crash costs were computed using Highway Safety Manual methodology. Safety Performance Functions produced annual crash frequencies that were translated into crash cost savings. In considering an average project, the percentage of RUC savings was around 13% of the total contract amount, or $444,389 of $3,464,620. I/D provisions were very successful in saving RUC for projects with full-closure, projects in urban areas, and emergency projects. Rural, non-emergency projects successfully saved RUC but not at the same level as other projects. The I/D contracts were also compared to all Missouri Department of Transportation contracts for the same time period. The results show that I/D projects had a higher on-time completion percentage and a higher number of bids per call than average projects. But I/D projects resulted in 4.52% higher deviation from the project budget and possibly more changes made after the award. A survey of state transportation departments and contractors showed that both agreed to the same issues that contribute to the success of I/D contracts. Overall, in terms of work zone impact mitigation, I/D contracts are very beneficial at a relatively low cost.
Book Synopsis Effectiveness of Incentive/disincentive Contract Provisions by : Firuzan Yasamis
Download or read book Effectiveness of Incentive/disincentive Contract Provisions written by Firuzan Yasamis and published by . This book was released on 1994 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Contract Time Optimization Methodologies for Highway Construction Projects by : Yi Jiang
Download or read book Contract Time Optimization Methodologies for Highway Construction Projects written by Yi Jiang and published by Purdue University Press. This book was released on 2009-03-01 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study was conducted to develop methodologies for appropriately determining the monetary values of I/D rates of highway construction projects in Indiana. In this study, a comprehensive literature review was performed to identify possible effective methodologies for work zone effects, construction impacts, and contract time optimization. The highway production rates were developed in a previous study. The production rates were validated and adjusted with the help from INDOT field engineers. The weigh-in-motion (WIM) collected traffic data were obtained, processed, and analyzed to provide input data for user cost calculations at highway work zones. Construction data were obtained and processed to develop the relationship between the construction cost and construction time. With the traffic and construction data, the methods for user cost calculations were developed as the basis of determining appropriate I/D rates. User costs resulting from traffic delays at Indiana highway work zones were analyzed. A series of equations for estimating user costs at work zones were developed. User cost calculation sheets using MS Excel were developed based on the traffic data on Indiana highway network. Finally, a method was developed to determine I/D rates based on the relationship between construction cost and construction time in combination with the estimated user costs at given work zones. Guidelines for developing A+B bidding and I/D provisions were provided.
